1250 OCEANSIDE PARTNERS: Hires KMH LLP as Accounting Consultant---------------------------------------------------------------1250 Oceanside Partners and its debtor-affiliates seekauthorization from the Hon. Robert J. Faris of the U.S. BankruptcyCourt for the District of Hawaii to employ KMH LLP as anaccounting and financial consultant to consult with Debtors'counsel.

The Debtors' counsel intends to consider KMH LLP as non-testifyingexpert, until and unless KMH LLP's testimony is offered at a laterdate.

Among other things, the Debtors' counsel requires KMH LLP'sassistance to:

(a) evaluate selected financial transactions between the Debtors and third parties; and

(b) provide such further accounting and financial consulting services as may be requested by Debtors' counsel.

If the retention is approved, KMH will apply for compensation,pursuant to Sections 330 and 331 of the Bankruptcy Code.

KMH LLP will also be reimbursed for reasonable out-of-pocketexpenses incurred.

Ross Murakami, partner of KMH LLP, assured the Court that the firmis a "disinterested person" as the term is defined in Section101(14) of the Bankruptcy Code and does not represent any interestadverse to the Debtors and their estates.

The Debtors were formed by developer Lyle Anderson and werepart of his development "empire", which included developmentsin Hawaii, Arizona, New Mexico and Scotland. The securedlender, Bank of Scotland, declared a default and obtainedcontrol of the Debtors in January 2008.

Development of the property, which has 3.5 miles of waterfronton the Kona coast, stopped after the developers were declaredin default under the loan. Oceanside and Front Nine own mostof the land within the Hokuli'a project, which is the principaldevelopment. Pacific Star owns the land referred to as"Keopuka", near Hokuli'a. The Hokuli'a was to have 730residential units, an 18-hole golf course, club and otheramenities.

The Debtors say their assets are worth $68.1 million while theyare jointly liable to $625 million of debt to Sun Kona FinanceLLC, which acquired the Hawaii loan from Bank of Scotland.

The downgrade reflects weak operating results in Castle's metalssegment and elevated debt leverage, which S&P expects willcontinue through the next year. Revenue and EBITDA have beenlower than expected because aerospace and defense, industrials,and oil and gas industry demand has been flat with or lower than2012 levels. In addition, aluminum plate imports have led tooversupply at domestic mills and are pressuring prices forproducts sold to the aerospace and defense industry. As a result,S&P estimates that revenues in 2013 will decrease by 15% to 18%from 2012 levels, and that EBITDA will be between $35 million and$40 million, leading to EBITDA margins of less than 4%, comparedwith EBITDA margins of about 5.3% in 2012. As a result ofCastle's steep decrease in profitability, S&P now views Castle'sbusiness risk profile as "vulnerable." S&P expects adjusted debtto EBITDA to be approximately 8.5x at year-end 2013.

"The stable outlook reflects our view that Castle's liquidity willremain adequate, and our expectation that volume declines willabate in 2014. The company has repaid the balance under its ABLand is liquidating inventory as demand decreases, generating cashfrom working capital. We also expect some operating improvementin 2014. We expect leverage to remain in excess of 6x and FFO todebt to remain less than 10% for the next year," said Standard &Poor's credit analyst Megan Johnston.

S&P could lower the ratings if it no longer deemed liquidity to beadequate. This could occur if operating performance continued todeteriorate, leading to decreasing cash balances as well asinventory and receivables, which could cause the company'sborrowing base to shrink.

An upgrade in the next year is unlikely given our expectations ofweak demand trends and operating performance. However, ifoperations and cash flow generation improved such that debt toEBITDA decreased to about 5x, S&P may consider an upgrade.

AGFEED INDUSTRIES: Wants Plan Filing Exclusivity Until Jan. 13--------------------------------------------------------------BankruptcyData reported that AgFeed Industries filed with the U.S.Bankruptcy Court a second motion to extend the exclusive periodduring which it can file a plan of reorganization and solicitacceptances thereof through and including Jan. 13, 2013 and March11, 2014, respectively.

The motion explains, "During the four months since thecommencement of the Chapter 11 Cases, the Debtors have devotedsubstantially all of their resources to, among other things,winding down their business operations in an orderly manner,addressing critical case management issues, and selling the assetsof AgFeed Industries. In light of the fact that these cases haveonly been pending for a mere four months, the complexity andduration factor weighs in favor of allowing the Debtors to extendthe Exclusive Periods... In addition, the Debtors and theirprofessionals also focused substantial time and resources on theUSA Sale and Industries Sale. The Debtors believe that, in lightof the progress that they have made in these Chapter 11 Cases overthe past four months, it is reasonable to request additional timeto negotiate and finalize a plan of liquidation. Accordingly, theDebtors submit that this factor weighs in favor of allowing theDebtors to extend the Exclusive Periods... Termination of theDebtor's Exclusive Periods would adversely impact the Debtors'efforts to preserve and maximize the value of these estates andthe progress of these Chapter 11 Cases and the balance thatcurrently exists in negotiations with the Committees and otherconstituencies. In effect, if this Court were to deny theDebtors' request for an extension of the Exclusive Periods, anyparty in interest would be free to propose a chapter 11 plan forthe Debtors. Such a ruling fosters a chaotic environment with nocentral focus and cause substantial, if not irreparable, harm tothe Debtors' efforts to preserve and maximize the value of theirestates."

The Court scheduled a November 14, 2013 hearing on the motion.

About AgFeed Industries

AgFeed Industries, Inc., and its affiliates filed voluntarypetitions under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.Case No. 13-11761) on July 15, 2013, with a deal to sell most ofits subsidiaries to The Maschhoffs, LLC, for cash proceeds of$79 million, absent higher and better offers. The Debtorsestimated assets of at least $100 million and debts of at least$50 million.

AIRTRONIC USA: GDSI Expects to Complete Planned Merger by Nov. 22-----------------------------------------------------------------Global Digital Solutions, Inc. on Nov. 1 disclosed that it expectsto complete the planned merger with Airtronic USA, Inc. on orbefore November 22, 2013, and that Airtronic's Chapter 11bankruptcy case will be discharged at a scheduled bankruptcy courthearing on November 27, 2013.

On October 3, 2013, the United States Bankruptcy Court for theNorthern District of Illinois, Eastern Division, confirmedAirtronic's chapter 11 bankruptcy reorganization plan onOctober 2, 2013. The court's confirmation of Airtronic's Planpaved the way for GDSI to complete its acquisition of Airtronic,now expected on or before November 22, 2013. Airtronic'sbankruptcy case will be dismissed upon the consummation of thePlan -- which includes completion of the merger with GDSI.

Once the merger is completed and the bankruptcy case is dischargedby the court, Airtronic will be capitalized with adequate workingcapital to compete effectively as an innovative leader in cyberarms manufacturing.

"These anticipated developments within the next several weeksrepresent major steps in the right direction for GDSI andAirtronic," said GDSI's President and CEO Richard J. Sullivan."As I outlined in my recent Open Letter to the Public --http://www.gdsi.co/rjs_open_letter.html-- the merger with Airtronic is a key milestone in GDSI's global growth strategy.We're very excited that we'll be able to complete the merger andthat Airtronic will emerge from the bankruptcy process in lessthan a month. These important developments will only serve toaccelerate our momentum going forward."

Founded in 1990, Airtronic is a well-respected, award-winningmanufacturer of critical battlefield weapons. The companyprovides cyber arms and cyber arms spare parts to the U.S.Department of Defense, foreign militaries, and the law enforcementmarket. The company's products include grenade launchers, rocketpropelled grenade launchers, grenade launcher guns, flex machineguns, grenade machine guns, rifles, and magazines.

Airtronic is a member of the National Small Arms TechnologyConsortium (NSATC) and the largest woman-owned cyber armsmanufacturing company in the United States. The company hasreceived commendations from the US Army Tank, Armaments, andAutomotive Command and the Defense Logistics Agency for thequality and on-time delivery of its products.

Airtronic -- http://www.Airtronic.net-- is an electro-mechanical engineering design and manufacturing company. It provides smallarms and small arms spare parts to the U.S. Department of Defense,foreign militaries, and the law enforcement market. The company'sproducts include grenade launchers, rocket propelled grenadelaunchers, grenade launcher guns, flex machine guns, grenademachine guns, rifles, and magazines. Founded in 1990, the companyis based in Elk Grove Village, Illinois.

On May 16, 2012, the voluntary petition of Airtronic, Inc. forliquidation under Chapter 7 was converted to a Chapter 11reorganization. The company had filed for chapter 7 bankruptcy onMarch 13, 2012.

ALITALIA SPA: Air France Seeks Troubled Airline's Overhaul----------------------------------------------------------David Pearson, writing for The Wall Street Journal, reported thatAir France-KLM is digging in its heels in negotiations over abailout of Italian carrier Alitalia, demanding a deep overhaul ofthe cash-strapped airline and a restructuring of its nearly EUR1billion ($1.37 billion) debt before sinking more money into itspartner.

According to the report, those demands have hit a brick wall inItaly, where banks are fiercely resisting the idea of a large debtwrite-down, and the government is trying to stave off any planthat would shrink Alitalia down to little more than a feeder forAir France-KLM hubs in Paris and Amsterdam, and could costthousands of jobs.

Although the government has left open the possibility of searchingfor other carriers that could be interested in striking apartnership with Alitalia, a person close to the negotiations saidno alternative to Air France-KLM exists, the report related.

Air France-KLM has a lot riding in Italy, the report said. Thecountry, especially the northern Milan area, ranks among Europe'slargest pools of business travelers. Yet the Franco-Dutch carrier,which is in the midst of its own cost-cutting plan, can ill-affordto pump more cash into Alitalia without having better control overthe carrier's turnaround strategy.

Alitalia shareholders, including 25%-owner Air France KLM, haveuntil mid-November to decide whether they want to participate in aproposed EUR300 million capital increase, the report added.

About Alitalia

Alitalia-Compagnia Aerea Italiana has navigated its way througha successful restructuring. After filing for bankruptcyprotection in 2008, Alitalia found additional investors, acquiredrival airline Air One, and re-emerged as Italy's leading airlinein early 2009. Operating a fleet of about 150 aircraft, theairline now serves more than 75 national and internationaldestinations from hubs in Fiumicino (Rome), Milan, Turin, Venice,Naples, and Catania. Alitalia extends its network as a member ofthe SkyTeam code-sharing and marketing alliance, which alsoincludes Air France, Delta Air Lines, and KLM. An Italianinvestor group owns a majority of the company, while Air France-KLM owns 25%.

ALPHA NATURAL: Bank Debt Trades At 5% Off-----------------------------------------Participations in a syndicated loan under which Alpha NaturalResources, Inc. is a borrower traded in the secondary market at95.21 cents-on-the-dollar during the week ended Friday, November1, 2013, according to data compiled by LSTA/Thomson Reuters MTMPricing and reported in The Wall Street Journal. This representsan increase of 0.56 of percentage points from the previous week,The Journal relates. Alpha Natural pays 275 basis points aboveLIBOR to borrow under the facility. The bank loan matures onMay 31, 2020. The bank debt carries Moody's Ba1 rating and S&P'sBB rating. The loan is one of the biggest gainers and losersamong 254 widely quoted syndicated loans with five or more bids insecondary trading for the week ended Friday.

About Alpha Natural Resources

Alpha Natural Resources is one of the largest coal companies inthe US, and the largest US producer and exporter of metallurgical(met) coal. The company's operations are located in the CentralAppalachia (CAPP) and Northern Appalachia (NAPP) regions, as wellas the Powder River Basin (PRB). For the twelve months ended June30, 2013, Alpha generated revenues of $5.7 billion on 97 milliontons sold, including 20 million tons of metallurgical coal. Thecompany also controls approximately 4.5 billion tons of coalreserves and approximately 25-30 million tons of export terminalcapacity.

As reported in the Troubled Company Reporter Oct. 9, 2013, Moody'sInvestors Service downgraded the ratings of Alpha NaturalResources' including the company's Corporate Family Rating (CFR)to B2 from B1, Probability of Default Rating (PDR) to B2-PD fromB1-PD, the rating on senior secured term loan to Ba2 from Ba1, andthe ratings on senior unsecured debt to B3 from B2.

AMC NETWORKS: Chello Media Deal No Effect on Moody's Ba3 CFR------------------------------------------------------------Moody's Investors Service said that AMC Networks Inc.'s ("AMC" -Ba3 CFR) announced acquisition of Chello Media for $1 billion incash will not impact its corporate family ratings. However,depending upon the final structure of the debt financing, theindividual debt ratings could be impacted. Chello is theinternational content division of Liberty Global, plc and is aninternational TV distribution company with numerous TV networks in138 countries.

AMC's intent is to acquire Chello with cash, financed with about$400 million from cash on hand, and about $600 million in bankfinancing (expansion of the company's existing bank facility). Thetransaction will increase leverage for the company byapproximately a turn. The company has had a positive ratingoutlook since December 2012 when Moody's believed that the companywould reach the trigger for an upgrade within around 18 months.That trigger was to sustain leverage to under 3.5x (with Moody'sstandard adjustments). On a net debt basis, the company is at thatupgrade trigger point presently. "We believe that the acquisitionwill likely delay reaching the upgrade metric by approximately 18months. In spite of the negative financial impact of thetransaction, we believe that the acquisition makes enormousstrategic sense for the company. We believe that Chello willaccelerate AMC's effort to expand its channels and content ininternational markets. Presently, AMC only derives about 3% of itsrevenues from international markets. With Chello, the company willincrease its international footprint instantly, and internationalrevenues will represent about 27% of total revenues. Eventually,this could make the company much less reliant on the AMC NetworkUS results, and it could compare well against peers like DiscoveryCommunications (Baa2) and Scripps Networks Interactive (Baa1)which have significant international and channel diversity. Webelieve that these strategic benefits, in addition to synergiesand the added free cash flows mitigate the short-term financialimpact, and therefore the positive outlook remains appropriate,"Moody's said.

AMERICAN AIRLINES: Said to Be in Merger Lawsuit Talks with U.S.---------------------------------------------------------------Michael Bathon, writing for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that American Airlines andUS Airways Group Inc. are in exploratory talks with the U.S. aboutsettling the government's lawsuit seeking to block their proposedmerger, two people familiar with the matter said.

According to the report, the discussions are taking place betweenlawyers for the airlines and top officials at the JusticeDepartment's antitrust division, said the people, who asked not tobe named because the conversations are confidential. The airlinesare offering to divest gates and landing and takeoff rights atWashington's Reagan National Airport as part of a settlementpackage, one of the people said.

The talks are still preliminary may not lead to settling the suit,the people said.

"Any discussions about settlement to resolve this litigation,whether internal, with DOJ directly or through the mediator wouldbe private and we are not going to comment on them in any way,"Jill Zuckman, a spokeswoman for US Airways, said in an e-mailedstatement.

The airlines and the Justice Department said on Oct. 28 that theyagreed to submit the lawsuit to mediation as suggested by U.S.District Judge Colleen Kollar-Kotelly, who's overseeing the case.A trial is set to begin Nov. 25.

Rich Parker, an attorney for US Airways, declined to comment onthe mediation or settlement prospects when he spoke with reportersOct. 30 outside federal court in Washington following a statushearing in the case.

"We have always said that our side is open to discussions but I'mnot going to talk about any aspect of settlement," Parker said. Hesaid Judge Kollar-Kotelly "asked for a mediator. When the judgeasks us to do that, we do that."

The Justice Department sued American parent AMR Corp. and USAirways in August, claiming the planned merger, which would createthe world's largest airline, would reduce competition and lead tohigher prices.

American, which has been in bankruptcy since November 2011, wasset to exit court protection by merging with Tempe, Arizona-basedUS Airways when the Justice Department and a group of states suedto block the deal Aug. 13.

AMR, based in Fort Worth, Texas, would have to start over in itsreorganization if the U.S. wins a court order stopping the tie-up,the committee representing the carrier's unsecured creditors saidin a court filing Oct. 28.

American's Chief Executive Officer Tom Horton said reaching a"reasonable settlement" of the case would be better for both sidesthan going to trial, speaking at a conference in New York Oct. 29.

The antitrust case is U.S. v. US Airways Group Inc., 13-cv-01236,U.S. District Court, District of Columbia (Washington).

About American Airlines

AMR Corp. and its subsidiaries including American Airlines, thethird largest airline in the United States, filed for bankruptcyprotection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattanon Nov. 29, 2011, after failing to secure cost-cutting laboragreements. AMR, previously the world's largest airline prior tomergers by other airlines, is the last of the so-called U.S.legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to theDebtors. Paul Hastings LLP and Debevoise & Plimpton LLP Groom LawGroup, Chartered, are on board as special counsel. RothschildInc., is the financial advisor. Garden City Group Inc. is theclaims and notice agent.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced adefinitive merger agreement under which the companies will combineto create a premier global carrier, which will have an impliedcombined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s planto exit bankruptcy through a merger with US Airways. Bydistributing stock in the merged airlines, the plan is designed topay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed bythe U.S. Department of Justice and several states' attorneygeneral complaining that the merger violates antitrust laws. Theplan confirmation order means that if AMR and US Airways win theJustice Department lawsuit or settle with the government, themerger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,U.S. District Court, District of Columbia (Washington).

AMERICAN AIRLINES: U.S. Seeks Broad Divestitures to Settle Suit---------------------------------------------------------------Brent Kendall and Jack Nicas, writing for The Wall Street Journal,reported that U.S. antitrust authorities want to see a broadpackage of divestitures from AMR Corp. and US Airways Group Inc.as part of any deal to settle the government's challenge to theirmerger plan, people familiar with the matter said.

According to the report, the people said talks are under waybetween the two sides three weeks before a trial of the antitrustchallenge is set to open in Washington. The trial is scheduled tobegin Nov. 25.

The Justice Department's antitrust suit, which sought to block themerger of AMR's American Airlines and US Airways, argued that thedeal would harm consumers by reducing air service and increasingfares, the report related. It listed more than 1,000 routes onwhich regulators believed competition would suffer.

The opening of settlement talks suggests that the government isn'ttaking an absolute stand against the deal, and that a trial isn'ta certainty, the WSJ report noted. At the same time, however, theairlines might resist the broad concessions that the government isseeking.

A person familiar with the Justice Department's thinking saiddepartment lawyers insist that any settlement should includedivestitures at key airports throughout the U.S., the reportfurther related. The department believes that the two airlineswould need to divest assets at those airports to ensure that theirmerger wouldn't limit consumer choices on nonstop and connectingflights or harm consumers by raising fares, this person said.

The airlines are prepared to give up slots at Reagan NationalAirport outside Washington, where US Airways is already thedominant carrier, and make some divestments at other U.S.airports, two people familiar with the negotiations said, WSJadded. A person familiar with the process said Sunday that theairlines' settlement proposal would include divestments at otherU.S. airports besides Reagan National.

About American Airlines

AMR Corp. and its subsidiaries including American Airlines, thethird largest airline in the United States, filed for bankruptcyprotection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattanon Nov. 29, 2011, after failing to secure cost-cutting laboragreements. AMR, previously the world's largest airline prior tomergers by other airlines, is the last of the so-called U.S.legacy airlines to seek court protection from creditors.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to theDebtors. Paul Hastings LLP and Debevoise & Plimpton LLP Groom LawGroup, Chartered, are on board as special counsel. RothschildInc., is the financial advisor. Garden City Group Inc. is theclaims and notice agent.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced adefinitive merger agreement under which the companies will combineto create a premier global carrier, which will have an impliedcombined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s planto exit bankruptcy through a merger with US Airways. Bydistributing stock in the merged airlines, the plan is designed topay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed bythe U.S. Department of Justice and several states' attorneygeneral complaining that the merger violates antitrust laws. Theplan confirmation order means that if AMR and US Airways win theJustice Department lawsuit or settle with the government, themerger plan can go into effect.

The antitrust suit is U.S. v. US Airways Group Inc., 13-cv-1236,U.S. District Court, District of Columbia (Washington).

ARCH COAL: Bank Debt Trades at 3% Off-------------------------------------Participations in a syndicated loan under which Arch Coal Inc. isa borrower traded in the secondary market at 96.88 cents-on-the-dollar during the week ended Friday, November 1, 2013, accordingto data compiled by LSTA/Thomson Reuters MTM Pricing and reportedin The Wall Street Journal. This represents a decrease of 0.60percentage points from the previous week, The Journal relates.Arch Coal Inc. pays 450 basis points above LIBOR to borrow underthe facility. The bank loan matures on May 17, '18, and carriesMoody's B1 rating and Standard & Poor's BB- rating. The loan isone of the biggest gainers and losers among 205 widely quotedsyndicated loans with five or more bids in secondary trading forthe week ended Friday.

About Arch Coal

Arch Coal Inc. is one of the largest US coal producers whichoperates in all of the major US coal basins. The company'sproduction consists mainly of low-sulfur thermal coal from itsPower River Basin mines and thermal and metallurgical coal fromAppalachia. Over the twelve months ended June 30, 2013 thecompany generated $3.6 billion in revenue.

* * *

As reported in the Troubled Company Reporter on Oct. 10, 2013,Moody's Investors Service downgraded the ratings of Arch Coal,including the company's Corporate Family Rating (CFR) to B3 fromB2, Probability of Default Rating (PDR) to B3-PD from B2-PD, therating on senior secured credit facility to B1 from Ba3, and theratings on senior unsecured debt to Caa1 from B3. The outlook isnegative.

ATARI INC: Wins Approval to Send Plan to Creditor Vote------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that Atari Inc., thebankrupt video-game maker, won court approval to seek creditors'votes on its plan to exit bankruptcy protection as a goingconcern.

According to the report, U.S. Bankruptcy Judge James M. Peckapproved the company's disclosure statement, an outline of therestructuring plan, finding that it contained adequate informationfor creditors to make an informed vote, according to courtdocuments filed Oct. 29 in Manhattan. The company is scheduled toseek court approval of its reorganization plan at a Dec. 5hearing.

"The plan effectuates a restructuring transaction under which thesponsor will make contributions to the estates sufficient toensure a meaningful recovery to holders of general unsecuredclaims," the New York-based company said in court filings, thereport related. Unsecured creditors are projected to receive arecovery of as much as 25 percent.

The company sought bankruptcy protection in January intending tobreak away from French parent Atari SA, which hasn't made a profitsince 1999 and sought related relief from creditors under Frenchlaw, the company has said.

A pioneer in the home video-game console market and maker ofclassic titles such as "Pong" and "Asteroids," Atari attempted tosell virtually all its assets earlier this year, according tocourt documents. Atari, which owned or managed more than 200 gamesand franchises, failed to get qualified offers for key assetsincluding its namesake brand, for which it was seeking a minimumof $15 million.

Atari, founded in 1972, changed course in September and now plansto reorganize and continue operating with the brands it has left,according to court documents. Its parent is sponsoring therestructuring plan.

Atari and the parent determined the "business and remaining assetshave substantial value that would not otherwise be realized in aliquidation." The video-game maker would reorganize around titlessuch as "RollerCoaster Tycoon," "Test Drive" and "Centipede."

The company moved forward with auctions of seven less-valuablefranchises that generated a total of about $5.1 million, accordingto court papers.

Under the reorganization plan, unsecured creditors, which Atariestimates are owed $5 million to $7 million, would get cashpayments for a recovery of as much as 25 percent, according tocourt documents. The recovery estimate assumes the unsecuredcreditors aren't owed more than $7 million and would be reduced ifallowed claims exceed that amount.

The official committee representing unsecured creditors supportsthe plan, according to court papers. The unsecured creditors wouldget a payment of 8 percent of their claims or $560,000, whicheveris less, when the plan takes effect. They would get identicaltreatment one year later, and then get a payment for the lesser of9 percent of their claims or $630,000 two years later.

Atari SA is waiving its right to any distribution on its $309.5million in intercompany claims, according to court documents.Alden Global Capital, which acquired a secured credit facility toAtari SA in February, would be paid in full on the $5 million itloaned to help fund the bankruptcy case.

Atari Inc. and its U.S. affiliates filed for Chapter 11 bankruptcy(Bankr. S.D.N.Y. Lead Case No. 13-10176) on Jan. 21, 2013, tobreak away from their unprofitable French parent company andsecure independent capital.

A day after its American unit filed for Chapter 11 bankruptcyprotection, Paris-based Atari S.A. took a similar measure underBook 6 of that country's commercial code. Atari S.A. said itwas filing for legal protection because its longtime backerBlueBay has sought to sell its 29% stake and demanded repayment byMarch 31 on a credit line of $28 million that it cut off inDecember.

BANK OF JACKSON COUNTY: Outlets Closed; FDIC Tapped as Receiver---------------------------------------------------------------Bank of Jackson County, Graceville, Florida, was closed by theFlorida Office of Financial Regulation, which appointed theFederal Deposit Insurance Corporation (FDIC) as receiver. Toprotect the depositors, the FDIC entered into a purchase andassumption agreement with First Federal Bank of Florida, LakeCity, Florida, to assume all of the deposits of Bank of JacksonCounty.

The two former branches of Bank of Jackson County were slated toreopen as branches of First Federal Bank of Florida at 10 a.m.,CDT, Thursday, October 31, 2013. Depositors of Bank of JacksonCounty will automatically become depositors of First Federal Bankof Florida. Deposits will continue to be insured by the FDIC, sothere is no need for customers to change their bankingrelationship in order to retain their deposit insurance coverageup to applicable limits. Customers of Bank of Jackson Countyshould continue to use their current branch until they receivenotice from First Federal Bank of Florida that systems conversionshave been completed to allow full-service banking at all branchesof First Federal Bank of Florida.

Depositors of Bank of Jackson County can continue to access theirmoney by writing checks or using ATM or debit cards. Checks drawnon the bank will continue to be processed. Loan customers shouldcontinue to make their payments as usual.

As of June 30, 2013 Bank of Jackson County had approximately $25.5million in total assets and $25.0 million in total deposits. Inaddition to assuming all of the deposits of Bank of JacksonCounty, First Federal Bank of Florida agreed to purchaseapproximately $23.1 million of the failed bank's assets. The FDICwill retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund(DIF) will be $5.1 million. Compared to other alternatives, FirstFederal Bank of Florida's acquisition was the least costlyresolution for the FDIC's DIF. Bank of Jackson County is the 23rdFDIC-insured institution to fail in the nation this year, and thefourth in Florida. The last FDIC-insured institution closed inthe state was First Community Bank of Southwest Florida, FortMyers, on August 2, 2013.

BERNARD L. MADOFF: Urged Realistic Backdated Trades, Jury Told--------------------------------------------------------------Erik Larson, writing for Bloomberg News, reported that DavidKugel, a trader at Bernard Madoff's brokerage for 38 years, told ajury that the con man let him use backdated trades to boost profitin his personal investment account, as long as they didn't look"ridiculous."

According to the report, Kugel testified on Oct. 31 in Manhattanfederal court at the trial of five former Madoff employees thatmost of the fake trading data he created was used for customeraccounts managed by defendants Annette Bongiorno and Joann Crupi,who ran the investment business at the center of Madoff's $17billion Ponzi scheme. Using fake trades for himself was a"bonus," he said.

Kugel, who pleaded guilty to fraud in November 2011, was hired outof Pace University by Madoff in 1970, the report related. Madoffsometimes asked Kugel for investment calculations during his firstyear on the job, and he didn't know why, he testified. When Kugeldiscovered the scheme and his involvement in it in the late 1970s,he said he kept helping.

"He was my boss and he asked me to do something," Kugel said ofMadoff, who also pleaded guilty and is serving a 150-year sentenceat a federal prison in North Carolina, the report cited. "I knewit was wrong, but I didn't question him."

On trial alongside Bongiorno and Crupi are Daniel Bonventre, whooversaw the broker-dealer and proprietary trading operations whereKugel worked; and computer programmers George Perez and JeromeO'Hara, who allegedly automated the creation of millions of fakedocuments, the report further related. All five have pleaded notguilty to charges of conspiring to trick customers and regulatorsfor years.

The case is U.S. v. O'Hara, 10-cr-00228, U.S. District Court,Southern District of New York (Manhattan).

About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madofforchestrated the largest Ponzi scheme in history, with lossestopping US$50 billion. On Dec. 15, 2008, the Honorable Louis A.Stanton of the U.S. District Court for the Southern District ofNew York granted the application of the Securities InvestorProtection Corporation for a decree adjudicating that thecustomers of BLMIS are in need of the protection afforded by theSecurities Investor Protection Act of 1970. The District Court'sProtective Order (i) appointed Irving H. Picard, Esq., as trusteefor the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLPas his counsel, and (iii) removed the SIPA Liquidation proceedingto the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)(Lifland, J.). Mr. Picard has retained AlixPartners LLP as claimsagent.

On April 13, 2009, former BLMIS clients filed an involuntaryChapter 7 bankruptcy petition against Bernard Madoff (Bankr.S.D.N.Y. 09-11893). The case is before Hon. Burton Lifland. Thepetitioning creditors -- Blumenthal & Associates Florida GeneralPartnership, Martin Rappaport Charitable Remainder Unitrust,Martin Rappaport, Marc Cherno, and Steven Morganstern -- assertUS$64 million in claims against Mr. Madoff based on the balancescontained in the last statements they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed MadoffSecurities International Limited in London under bankruptcyprotection pursuant to Chapter 15 of the U.S. Bankruptcy Code(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan. In June2009, Judge Lifland approved the consolidation of the Madoff SIPAproceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the SouthernDistrict of New York on June 29, 2009, sentenced Mr. Madoff to150 years of life imprisonment for defrauding investors in UnitedStates v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,Mr. Picard has paid about 58 percent of customer claims totaling$17.3 billion. The most recent distribution was in March 2013.

Mr. Picard has collected about $9.35 billion, not including anadditional $2.2 billion that was forfeit to the government andlikewise will go to customers. Picard is holding almost$4.4 billion he can't distribute on account of outstandingappeals and disputes. The largest holdback, almost $2.8 billion,results from disputed claims.

BJ'S WHOLESALE: S&P Lowers CCR to 'B-' on Upsized Debt------------------------------------------------------Standard & Poor's Ratings Services said it lowered its corporatecredit rating on BJ's Wholesale Club Inc. to 'B-' from 'B'. Theoutlook is stable.

At the same time, S&P lowered the rating on the company's upsized$1.45 billion first-lien term loan to 'B-' from 'B' and revisedthe recovery rating on this debt instrument to '4' from '3',indicating its expectation for average (30%-50%) recovery ofprincipal in the event of a payment default. Concurrently, S&Plowered the issue-level rating on the company's upsized$650 million second-lien term loan to 'CCC' from 'CCC+'. The '6'recovery rating on this debt issue is unchanged, indicating S&P'sexpectation for negligible (0%-10%) recovery of principal in theevent of a payment default.

The company plans to use the proceeds from incremental debtfacilities to pay about $450 million in dividends to itsshareholders and pay related fees and expenses.

"The ratings on BJ's reflect its "fair" business risk profile and"highly leveraged" financial risk profile, which are unchanged.The proposed transaction marks the second meaningful debt financeddividend since the company has been controlled by the currentprivate equity sponsor," said credit analyst Mariola Borysiak."This supports our view of the company's very aggressive financialpolicy, which reflects the current private equity sponsor'swillingness to fund dividends with increased debt."

The outlook is stable. Despite recently weaker than expectedperformance, S&P anticipates modest profit growth over the nextyear as BJ's continues to benefits from its position in thediscount warehouse segment of the retail industry, continues toretain and gain new customers, and remains focused on itsdifferentiated merchandise offering.

S&P could lower the ratings if competitive pressures oroperational inefficiencies lead to membership attrition and marketshare loss, such that declining profitability leads to liquidityerosion. Under this scenario S&P believes the company will not beable to generate positive free operating cash flow and will needto borrow substantially more under its revolving credit facilityto fund its operating and financing needs.

S&P do not consider a higher rating likely in the next year givenrecently weak performance and our expectation for only modestprofitability gains. However, an upgrade would be predicated onBJ's ability to improve its credit profile such that it sustains adebt-to-EBITDA ratio below 7x. In addition, S&P would factor itsassessment of the likelihood for future debt-financed dividendsinto any positive rating action.

Town of Norwood $306,651Collector of TaxesP.O. Box 9101Norwood, MA 02062

City of Pawtucket $202,303

NStar Electric $183,212

East Side Realty Trust $162,761

Sleep, Inc. $162,109

Massachusetts Dept of Revenue $136,609

Unisource Management Corp. $123,006

National Grid $101,737

Citizens Bank $98,932

409 Columbia Road Nominee Trust $88,336

Town of the Natick $63,649

Tony's Bakery $63,111

Rhode Island Division of Taxation $57,923

Consolidated Clothiers, Inc. $45,497

Upper Valley Press, Inc. $42,469

New Horizon Communications $41,950

KDI, LLC $41,283

Jeffco Fibres, Inc. $37,390

Earthlink Business $37,016

CAESARS ENTERTAINMENT: Poised for Distressed Debt Exchange----------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that Caesars EntertainmentCorp., the casino operator with more than $24 billion in debt,will probably need to coerce bondholders to exchange theirholdings for new securities to cut its borrowing costs and avoidbankruptcy, according to researcher CreditSights Inc.

According to the report, the owner of Caesars Palace and Harrah'sLas Vegas, which hasn't had a profitable quarter since at least2010, may seek to swap a portion of its operating unit's second-lien debt for payment-in-kind, or PIK, securities, analysts led byChris Snow wrote in an Oct. 30 report. PIK notes allow borrowersthe ability to pay interest with additional debt.

"Our base case is that an exchange occurs, which will free up cashflow" and "stabilize the bleed," the analysts wrote.

"An inability to execute an exchange will potentially increase theodds of a filing."

The largest owner of casinos in the U.S. said Oct. 29 that its netloss widened to $761.4 million after the company wrote downproperties in Atlantic City and gambling revenue shrank. Caesarsis burning through cash almost six years after Apollo GlobalManagement LLC and TPG Capital took the company private in 2008.It sold shares to the public in February 2012.

Caesars Entertainment Operating Co.'s $3.3 billion of 10 percent,second-lien bonds due 2018 traded at 50.5 cents on the dollar toyield 29.2 percent at 12:53 p.m. in New York, according to Trace,the bond-price reporting system of the Financial IndustryRegulatory Authority. The notes have plunged from 70.5 cents inJanuary.

About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.-- http://www.caesars.com/-- is one of the world's largest casino companies, with annual revenue of $4.2 billion, 20 properties onthree continents, more than 25,000 hotel rooms, two million squarefeet of casino space and 50,000 employees. Caesars casino resortsoperate under the Caesars, Bally's, Flamingo, Grand Casinos,Hilton and Paris brand names. The Company has its corporateheadquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's on mid-November2010.

The Company incurred a net loss of $1.49 billion on $8.58 billionof net revenues for the year ended Dec. 31, 2012, as compared witha net loss of $666.70 million on $8.57 billion of net revenuesduring the prior year.

As reported in the TCR on Feb. 5, 2013, Moody's Investors Servicelowered the Speculative Grade Liquidity rating of CaesarsEntertainment Corporation to SGL-3 from SGL-2, reflectingdeclining revolver availability and Moody's concerns that Caesars'earnings and cash flow will remain under pressure causing thecompany's negative cash flow to worsen.

In the May 7, 2013, edition of the TCR, Standard & Poor's RatingsServices said that it lowered its corporate credit ratings on LasVegas-based Caesars Entertainment Corp. (CEC) and wholly ownedsubsidiary Caesars Entertainment Operating Co. (CEOC) to 'CCC+'from 'B-'.

"The downgrade reflects weaker-than-expected operating performancein the first quarter, and our view that Caesars' capital structuremay be unsustainable over the next two years based on our EBITDAforecast for the company," said Standard & Poor's credit analystMelissa Long.

CAPSUGEL HOLDINGS: S&P Lowers CCR to 'B+' on $415MM New Debt Issue------------------------------------------------------------------Standard & Poor's Ratings Services said it lowered its corporatecredit rating on New Jersey-based pharmaceutical contractmanufacturer and drug development company Capsugel Holdings S.A.to 'B+' from 'BB-' following the company's announcement that itwould issue $415 million in new debt (at newly created holdingcompany Capsugel S.A.) to fund a sponsor dividend. The outlook isstable. S&P is subsequently withdrawing the 'B+' corporate creditrating at Capsugel Holdings S.A. and assigning a 'B+' corporatecredit rating to Capsugel S.A., the new parent entity. The ratingoutlook is stable.

"The downgrade follows Capsugel's announcement that it would issue$415 million in new debt at new holding company Capsugel S.A. tofund a sponsor dividend, increasing pro forma adjusted debtleverage to more than 6.5x," said credit analyst Shannan Murphy."This is a departure from our previous expectation that debtleverage would decline below 5x this year due to debt repaymentand EBITDA growth."

S&P's stable outlook on Capsugel reflects its expectation that thecompany will continue to grow revenues in the mid-single digitsand expand EBITDA margins modestly over the intermediate term, butthat this level of growth, combined with an aggressive financialpolicy, will be insufficient to reduce leverage below 5x over thenear term. S&P could lower the rating in the unlikely event thatCapsugel experiences a significant quality issue that causesbusiness losses, which might cause S&P to revise its view ofbusiness risk to fair from satisfactory. Private equity ownershipremains a major rating constraint. Accordingly, S&P would onlyraise the rating if the company showed progress in reducingleverage closer to 5x, and S&P was comfortable that financialpolicy would be consistent with the maintenance of those metricsgoing forward. S&P views this as unlikely under the currentownership structure.

CENGAGE LEARNING: Committee Hires Charles River as IP Consultant----------------------------------------------------------------The Official Committee of Unsecured Creditors of Cengage Learning,Inc. and its debtor-affiliates seeks authorization from the U.S.Bankruptcy Court for the Eastern District of New York to retainCRA International, Inc., dba Charles River Associates, ascopyright and intellectual property valuation consultants andexperts for the Committee, nunc pro tunc to Sept. 10, 2013.

The Committee requires CRA International to:

(a) assist and advise the Committee in investigating and analyzing the Debtors' intellectual property, including copyrights;

(b) provide support to the Committee in the filing of any necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Committee relating to the valuation and evaluation of intellectual property, including copyrights;

(c) attend meetings and negotiate with the representatives of the Debtors and secured creditors and other parties in interest with regard to the intellectual property, including copyrights;

(d) assist the Committee in the review, analysis, and negotiation of any plan of reorganization or liquidation that may be filed and to assist the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plan of reorganization or liquidation as that review pertains to intellectual property, including copyright assets;

(e) review necessary materials and advise the Committee with respect to the sale, license, or other disposition of any intellectual property, including copyrights;

(f) prepare expert reports and provide expert testimony as needed in any litigation, and testify, as appropriate, before this Court, and other courts in which matters may be heard regarding intellectual property, including copyrights; and

(g) perform, at the direction of the Committee, such other expert services as may be required or deemed to be in the interests of the Creditors' Committee.

CRA International's current rates for work of this nature rangefrom $205 to $625 per hour.

CRA International will also be reimbursed for reasonable out-of-pocket expenses incurred.

Scott D. Phillips, vice president of CRA International, assuredthe Court that the firm is a "disinterested person" as the term isdefined in Section 101(14) of the Bankruptcy Code and does notrepresent any interest adverse to the Debtors and their estates.

Stamford, Connecticut-based Cengage Learning --http://www.cengage.com/-- provides innovative teaching, learning and research solutions for the academic, professional and librarymarkets worldwide. Cengage Learning's brands includeBrooks/Cole, Course Technology, Delmar, Gale, Heinle, SouthWestern and Wadsworth, among others. Apax Partners LLP boughtCengage in 2007 from Thomson Reuters Corp. in a $7.75 billiontransaction. The acquisition was funded in part with $5.6 billionin new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,2013, in Brooklyn, New York, after signing an agreement whereholders of $2 billion in first-lien debt agree to support areorganization plan. The plan will eliminate more than $4 billionof $5.8 billion in debt.

The Debtors filed a Joint Plan of Reorganization and DisclosureStatement dated Oct. 3, 2013, which provides that the Debtors tookextreme care to advance and protect the interest of unsecuredcreditors -- including seeking to protect four primary sources ofpotential recoveries for unsecured creditors and providing themwith appropriate time to conduct diligence, and discuss theirconclusions on, among other things, the value of those sources ofpotential recoveries.

CENGAGE LEARNING: Panel Taps Ed Stanford as Industry Expert-----------------------------------------------------------The Official Committee of Unsecured Creditors of Cengage Learning,Inc. and its debtor-affiliates seeks authorization from the U.S.Bankruptcy Court for the Eastern District of New York to retain EdStanford as textbook market and industry expert and consultant tothe Committee, nunc pro tunc to Sept. 10, 2013.

The professional services Mr. Stanford will be required to renderinclude, but are not limited to, the following:

(a) assist and advise the Committee in investigating and analyze the Debtors' intellectual property, including copyrights, and evaluation and analysis of the Debtors' business plan, by providing any necessary industry knowledge or analysis;

(b) provide support to the Committee in the filing of any necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Committee in which knowledge of industry practice is needed;

(c) attend meetings and provide support in the form of industry knowledge and analysis for the Committee's negotiations with the representatives of the Debtors and secured creditors and other parties in interest;

(d) assist the Committee in the review, analysis, and negotiation of any plan of reorganization or liquidation that may be filed and to assist the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plan of reorganization or liquidation as that review pertains to intellectual property, including copyright assets, total enterprise analysis, or other financial or industry analysis;

(e) prepare expert reports and provide expert testimony as needed in any litigation;

(f) testify, as appropriate, before the Court, and other courts in which matters may be heard; and

(g) perform such other valuation services as may be required or deemed to be in the interests of the Creditors' Committee.

Mr. Stanford's current hourly rate for work of this nature is $425per hour.

Mr. Stanford will also be reimbursed for reasonable out-of-pocketexpenses incurred.

Mr. Stanford assured the Court that the firm is a "disinterestedperson" as the term is defined in Section 101(14) of theBankruptcy Code and does not represent any interest adverse to theDebtors and their estates.

About Cengage Learning

Stamford, Connecticut-based Cengage Learning --http://www.cengage.com/-- provides innovative teaching, learning and research solutions for the academic, professional and librarymarkets worldwide. Cengage Learning's brands includeBrooks/Cole, Course Technology, Delmar, Gale, Heinle, SouthWestern and Wadsworth, among others. Apax Partners LLP boughtCengage in 2007 from Thomson Reuters Corp. in a $7.75 billiontransaction. The acquisition was funded in part with $5.6 billionin new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,2013, in Brooklyn, New York, after signing an agreement whereholders of $2 billion in first-lien debt agree to support areorganization plan. The plan will eliminate more than $4 billionof $5.8 billion in debt.

The Debtors filed a Joint Plan of Reorganization and DisclosureStatement dated Oct. 3, 2013, which provides that the Debtors tookextreme care to advance and protect the interest of unsecuredcreditors -- including seeking to protect four primary sources ofpotential recoveries for unsecured creditors and providing themwith appropriate time to conduct diligence, and discuss theirconclusions on, among other things, the value of those sources ofpotential recoveries.

CENGAGE LEARNING: Panel Taps IMS to Provide Copyright Expert------------------------------------------------------------The Official Committee of Unsecured Creditors of Cengage Learning,Inc. and its debtor-affiliates seeks authorization from the U.S.Bankruptcy Court for the Eastern District of New York to retainIMS Expert Services to facilitate and provide Dr. James Koch ascopyright and intellectual property economic consultant and expertto the Committee, nunc pro tunc to Sept. 10, 2013.

IMS Expert will provide overhead and administrative support to Dr.Koch in these cases. The professional services Dr. Koch will berequired to render include, but are not limited to, the following:

(a) provide any economic analysis needed to support, assist, and advise the Committee in investigating and analyzing the Debtors' intellectual property, including copyrights;

(b) provide support to the Committee in the filing of any necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Committee relative to the economic analysis of the valuation and evaluation of intellectual property, including copyrights;

(c) attend meetings and provide economic analysis to support negotiation with the representatives of the Debtors and secured creditors and other parties in interest with regard to the valuation of intellectual property, including copyrights;

(d) provide economic analysis to support and assist the Committee in the review, analysis, and negotiation of any plan of reorganization or liquidation that may be filed and to provide economic analysis to support and assist the Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plan of reorganization or liquidation as that review pertains to intellectual property, including copyright;

(e) prepare expert reports and provide expert testimony as needed in any litigation;

(f) testify, as appropriate, before this Court, and other courts in which matters may be heard; and

(g) perform such other economic analysis services as may be required or deemed to be in the interests of the Creditors' Committee.

The Committee does not seek for Dr. Koch to be paid directly bythe estates. Subject to this Court's approval in accordance withsections 328(a) and 330(a) of the Bankruptcy Code, IMS Expert willcharge the rate of $455 per hour for Dr. Koch's services on anhourly basis.

IMS Expert will also be reimbursed for reasonable out-of-pocketexpenses incurred.

Ted J. Gorder, vice president of IMS Expert, assured the Courtthat the firm is a "disinterested person" as the term is definedin Section 101(14) of the Bankruptcy Code and does not representany interest adverse to the Debtors and their estates.

Stamford, Connecticut-based Cengage Learning --http://www.cengage.com/-- provides innovative teaching, learning and research solutions for the academic, professional and librarymarkets worldwide. Cengage Learning's brands includeBrooks/Cole, Course Technology, Delmar, Gale, Heinle, SouthWestern and Wadsworth, among others. Apax Partners LLP boughtCengage in 2007 from Thomson Reuters Corp. in a $7.75 billiontransaction. The acquisition was funded in part with $5.6 billionin new debt financing.

Cengage Learning Inc. filed a petition for Chapter 11reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2,2013, in Brooklyn, New York, after signing an agreement whereholders of $2 billion in first-lien debt agree to support areorganization plan. The plan will eliminate more than $4 billionof $5.8 billion in debt.

The Debtors filed a Joint Plan of Reorganization and DisclosureStatement dated Oct. 3, 2013, which provides that the Debtors tookextreme care to advance and protect the interest of unsecuredcreditors -- including seeking to protect four primary sources ofpotential recoveries for unsecured creditors and providing themwith appropriate time to conduct diligence, and discuss theirconclusions on, among other things, the value of those sources ofpotential recoveries.

CHALLENGE AT SANTA RITA: Tossing Restriction on Use of Golf Course------------------------------------------------------------------The Challenge at Santa Rita LLC, owner of a real property that wasused as a golf course until September 2011, has filed a motion("Debtor's Motion to Reject Restriction on Real Property"), askingthe U.S. Bankruptcy Court for the Eastern District of Texas tofind that:

(a) the restriction on the property requiring its use as a golf course and related country club facility ended on April 8, 2011, when the Debtor filed the Termination of Deed Restrictions, or alternatively, by Sept. 30, 2011, when the Debtor ceased using the property as a golf course;

(b) the right of first refusal of the "Corona de Tucson property owners" is an executory contract that may be rejected pursuant to Sec. 365 of the Bankruptcy Code;

(c) the "Corona de Tucson property owners" received sufficient notice and service of the Debtor's Motion to Reject Restriction on Real Property; and

(d) the right of first refusal of the "Corona de Tucson property owners" is void or otherwise unenforceable.

The Challenge at Santa Rita, LLC, based in Marshall, Texas, filedfor Chapter 11 bankruptcy (Bankr. E.D. Tex. Case No. 13-20016) onFeb. 1, 2013, represented by Paul W. Turner, Esq., at Lake andTurner Law Firm, LLP. The owner of a real property located at16461 S. Houghton Road, Vail, in Pima County, Arizona, that wasused as a golf course, estimated $500,001 to $1 million in assetsand $1 million to $10 million in liabilities. The petition wassigned by David C. Carlile, manager.

CLEAR CHANNEL: Bank Debt Trades at 3% Off-----------------------------------------Participations in a syndicated loan under which Clear ChannelCommunications is a borrower traded in the secondary market at96.98 cents-on-the-dollar during the week ended Friday, November1, 2013, according to data compiled by LSTA/Thomson Reuters MTMPricing and reported in The Wall Street Journal. This representsan increase of 0.86 percentage points from the previous week, TheJournal relates. Clear Channel Communications pays 365 basispoints above LIBOR to borrow under the facility. The bank loanmatures on Jan. 30, '16, and carries Moody's Caa1 rating andStandard & Poor's CCC+ rating. The loan is one of the biggestgainers and losers among 205 widely quoted syndicated loans withfive or more bids in secondary trading for the week ended Friday.

As of June 30, 2013, the Company had $15.29 billion in totalassets, $23.58 billion in total liabilities and a $8.28 billiontotal shareholders' deficit.

* * *

In May 2013, Moody's Investors Service said that Clear Channel'supsize of the term loan D to $4 billion from $1.5 billion will notimpact the Caa1 facility rating assigned. Clear Channel'sCorporate Family Rating is unchanged at Caa2. The outlook remainsstable.

In May, Standard & Poor's Ratings Services also announced that itsissue-level rating on San Antonio, Texas-based Clear Channel'ssenior secured term loan remains unchanged at 'CCC+' following thecompany's upsize of the loan to $4 billion from $1.5 billion. Therating on parent company CC Media Holdings remains at 'CCC+' witha negative outlook, which reflects the risks surrounding the long-term viability of the company's capital structure.

At the same time, S&P raised the issue-level ratings on thecompany's $1 billion first-lien term loan to 'BB+' from 'BB'. Therecovery rating on this debt is unchanged at '1', indicating S&P'sexpectation of very high (90% to 100%) recovery for lenders in theevent of a payment default.

S&P raised the issue-level ratings on the company's $1.5 billionsenior notes due 2019 to 'B+' from 'B'. The recovery rating onthis debt is unchanged at '5', indicating S&P's expectation ofmodest (10% to 30%) recovery for lenders in the event of a paymentdefault.

S&P also raised the issue-level ratings on the company's$550 million holding company paid-in-kind (PIK) toggle notes to'B' from 'B-'. The recovery rating on this debt is unchanged at'6', indicating S&P's expectation of negligible (0% to 10%)recovery for lenders in the event of a payment default.

The upgrade follows CommScope's successful execution of an IPO andsignificant debt repayment. The company received net primaryproceeds of $437.3 million from its IPO, which it used to repay$399 million of its existing $1.5 billion senior notes due 2019.

Furthermore, pro forma adjusted leverage is now around 4x, downfrom about 4.7 x at June 30, 2013, and S&P expects leverage toremain around 4x over the near term. As a result, S&P has revisedits financial risk profile to "aggressive" from "highlyleveraged".

The ratings on CommScope reflect the company's "fair" businessrisk profile and "aggressive" financial risk profile. Thebusiness risk profile is based on CommScope's meaningful marketshare and favorable long-term demand fundamentals in its selectedend markets and good geographic diversity, but also its limitedrevenue visibility in a cyclical operating environment andexposure to volatile raw material pricing. The financial riskprofile acknowledges the company's strong FOCF generationcapabilities and adequate liquidity, but also its potential forvolatile FOCF in times of macroeconomic stress and its moderatelyacquisitive growth strategy.

The stable outlook on CommScope reflects S&P's belief that thecompany will preserve improved EBITDA margins, continue togenerate good FOCF, and maintain leverage around 4x over the nearterm.

S&P could lower the corporate credit rating if soft global (butparticularly U.S.) wireless infrastructure spending and decliningenterprise and broadband spending resulted in decreased revenuesand margin compression, or if volatile raw material costs causegross margins to contract 3% or more, and lead to leverage risingabove 5x. Large debt-financed acquisitions that also increaseleverage above 5x could also result in a downgrade.

While less likely, S&P could upgrade the company over theintermediate term if its private equity owner meaningfully reducesits approximate 78% stake in the company, and the company reducesand sustains leverage below the mid-3x area, through either debtprepayments or good EBITDA growth.

Crown has obtained debt financing commitments for thistransaction. S&P expects that Crown will raise permanentfinancing for the acquisition prior to closing.

The CreditWatch placement follows Crown 's announcement that itwill acquire Lata Lux Holding Parent S.… r.l. (B+/Stable/--),which is majority owned by affiliates of The Blackstone Group L.P.This entity owns Mivisa. The $1.6 billion acquisition, which issubject to review by the European Commission and other competitionauthorities, is expected to close during 2014.

The transaction is expected to be debt financed, and pro formaadjusted debt leverage would likely increase to around 5x. Thetransaction will diversify Crown's geographic footprint andprovide growth opportunities. Mivisa is the largest metal foodcan packaging producer in both the Iberian Peninsula and Moroccoand primarily serves the vegetable, fruit, fish, and meatsegments.

"We will resolve the CreditWatch listing as we get moreinformation on the implications for Crown's business risk andfinancial risk profiles," said Standard & Poor's credit analystLiley Mehta. From a business risk standpoint, significant factorsthat S&P will be analyzing include the effect of the new businesson Crown's existing competitive position, and risks associatedwith integrating the Mivisa operations. To determine S&P's finalfinancial risk score, in addition to debt leverage, it will assessfinancial policy and Crown's willingness to allocate free cashflow to debt reduction rather than shareholder rewards andadditional debt financed acquisitions.

DETROIT, MI: Retirees' Committee Hires Brooks Wilkins as Counsel----------------------------------------------------------------The Official Committee of Retirees of the City of Detroit,Michigan, seeks permission from the U.S. Bankruptcy Court for theEastern District of Michigan to retain Brooks Wilkins Sharkey &Turco, PLLC as local counsel, effective Sept. 3, 2013.

(a) give legal advice with respect to the Retiree Committee's powers and duties in the context of this case;

(b) assist and advise the Retiree Committee in its consultation with the Debtor and other regarding the administration of this case;

(c) attend meetings and negotiate with the Debtor's representatives and others;

(d) appear, as appropriate, before the Court, the relevant Appellate Courts, and the U.S. Trustee, and to represent the interest of the Retiree Committee before said Courts and the United States Trustee;

(e) advise the Retiree Committee in connection with proposals and pleadings submitted by the Debtor or other to this Court;

(f) generally prepare on behalf of the Retiree Committee all necessary applications, motions, answers, orders, reports, and other legal papers in support of positions taken by the Retiree Committee;

(g) assist the Retiree Committee in the review, analysis and negotiations of any plan(s) of adjustment that may be filed and to assist the Retiree Committee in the review, analysis, and negotiation of the disclosure statement accompanying any plans of adjustment;

(h) take all necessary action to protect and preserve the interest of retirees represented by the Retiree Committee, including to (i) investigate and prosecute actions on the Retiree Committee's behalf, (ii) challenge the City's eligibility to use Chapter 9 to terminate retirement promises, and (iii) conduct negotiations concerning all litigation in which the Debtor are involved;

(i) advise the Retiree Committee on the retention of other professionals and experts to assist in the engagement, including local counsel;

(j) retain expert professional assistance and witnesses, as necessary; and

(k) perform all other necessary legal services for the Retiree Committee in connection with this Case.

Brooks Wilkins will also be reimbursed for reasonable out-of-pocket expenses incurred.

Matthew E. Wilkins, member of Brooks Wilkins, assured the Courtthat the firm is a "disinterested person" as the term is definedin Section 101(14) of the Bankruptcy Code and does not representany interest adverse to the Debtors and their estates.

The city of Detroit, Michigan, weighed down by more than$18 billion in accrued obligations, sought municipal bankruptcyprotection on July 18, 2013, by filing a voluntary Chapter 9petition (Bankr. E.D. Mich. Case No. 13-53846). Detroit listedmore than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergencymanager, signed the petition. Detroit is represented bylawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seekbankruptcy, in terms of population and the size of the debts andliabilities involved.

The city's $18 billion in debt includes $5.85 billion in specialrevenue obligations, $6.4 billion in post-employment benefits,$3.5 billion for underfunded pensions, $1.13 billion on securedand unsecured general obligations, and $1.43 billion on pension-related debt, according to a court filing. Debt service consumes42.5 percent of revenue. The city has 100,000 creditors and20,000 retirees.

The motion explains, "The Committee selected Lazard to act as itsfinancial advisor in the Chapter 9 Case because of Lazard'ssignificant expertise in providing financial advisory services todebtors and creditors in restructurings and distressed situations.The Committee's selection of Lazard was also based on theCommittee's determination that Lazard's proposed fee structure iscompetitive and appropriate given the Committee's understanding ofthe facts and circumstances of the Chapter 9 Case." Separately,the Court approved the retiree committee's motion to retain BrooksWilkins Sharkey & Turco (BWST) as local counsel at hourly ratesranging from $340 to $430 for attorney. As previously reported,"The Retiree Committee seeks to engage BWST as its local counselbased upon BWST's experience and recognized expertise in the areasof bankruptcy and litigation. BWST specializes in these areas andhas extensive experience representing trustees, debtors,creditors, and creditors' committees. The Retiree Committeebelieves that BWST has the necessary expertise to effectively dealwith the complex legal issues and challenges that may arise inconnection with its role in this case. The services of BWST areappropriate and necessary to enable the Retiree Committee andDentons to faithfully execute their duties in this case."

About Detroit, Michigan

The city of Detroit, Michigan, weighed down by more than$18 billion in accrued obligations, sought municipal bankruptcyprotection on July 18, 2013, by filing a voluntary Chapter 9petition (Bankr. E.D. Mich. Case No. 13-53846). Detroit listedmore than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergencymanager, signed the petition. Detroit is represented bylawyers at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seekbankruptcy, in terms of population and the size of the debts andliabilities involved.

The city's $18 billion in debt includes $5.85 billion in specialrevenue obligations, $6.4 billion in post-employment benefits,$3.5 billion for underfunded pensions, $1.13 billion on securedand unsecured general obligations, and $1.43 billion on pension-related debt, according to a court filing. Debt service consumes42.5 percent of revenue. The city has 100,000 creditors and20,000 retirees.

A nine-member official committee of retired workers was appointedin the case. The Retirees' Committee is represented by Dentons USLLP.

DEWEY & LEBOEUF: Domain Name Sells for $210K--------------------------------------------Law360 reported that a flurry of last-minute auction bidders onNov. 1 pushed the auction price for one of Dewey & LeBoeuf LLP'sold Internet domain names to more than $210,000.

According to the report, the sale of the domain name dl.com closedjust after 4:30 p.m. on Nov. 1 for a final price of $210,689. Thecompany in charge of the sale, Massachusetts-based HilcoStreambank, put the domain name up for auction with a "premium"starting price of $200,000 on Oct. 8, but with no bidders, thecompany later dropped the reserve price to $165,000, the reportrelated.

About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.Case No. 12-12321) to complete the wind-down of its operations.The firm had struggled with high debt and partner defections.Dewey disclosed debt of $245 million and assets of $193 million inits chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-based, law firm that traced its roots to the 2007 merger of DeweyBallantine LLP -- originally founded in 1909 as Root, Clark & Bird-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in1929. In recent years, more than 1,400 lawyers worked at the firmin numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyersin 25 offices across the globe. When it filed for bankruptcy,only 150 employees were left to complete the wind-down of thebusiness.

Dewey's offices in Hong Kong and Beijing are being wound down.The partners of the separate partnership in England are in processof winding down the business in London and Paris, andadministration proceedings in England were commenced May 28. Alllawyers in the Madrid and Brussels offices have departed. Nearlyall of the lawyers and staff of the Frankfurt office havedeparted, and the remaining personnel are preparing for theclosure. The firm's office in Sao Paulo, Brazil, is beingprepared for closure and the liquidation of the firm's localaffiliate. The partners of the firm in the Johannesburg office,South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,was sold to the firm of Greenberg Traurig PA on May 11 for$6 million. The Pension Benefit Guaranty Corp. took $2 million ofthe proceeds as part of a settlement.

The U.S. Trustee formed two committees -- one to representunsecured creditors and the second to represent former Deweypartners. The creditors committee hired Brown Rudnick LLP led byEdward S. Weisfelner, Esq., as counsel. The Former Partners hiredTracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &Winters, LLP, as counsel.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcycourt in February 2013 and implemented in March. The plan createda trust to collect and distribute remaining assets. The firmestimated that midpoint recoveries for secured and unsecuredcreditors under the plan would be 58.4 percent and 9.1 percent,respectively.

DRYSHIPS INC: Unveils Results of 2013 AGM of Shareholders---------------------------------------------------------DryShips Inc., a global provider of marine transportation servicesfor drybulk and petroleum cargoes, and through its majority ownedsubsidiary, Ocean Rig UDW Inc., of off-shore deepwater drillingservices, on Oct. 31 announced the results of its 2013 AnnualGeneral Meeting of Shareholders. The following proposals wereapproved and adopted at the Meeting:

1. The election of Ms. Chryssoula Kandylidis and Mr. GeorgeDemathas as Class C Directors to serve until the 2016 AnnualGeneral Meeting of Shareholders; and

2. the ratification of the appointment of Ernst & Young (Hellas)Certified Auditors Accountants S.A., as the Company's independentauditors for the fiscal year ending December 31, 2013.

The Company reported a net loss of US$288.6 million onUS$1.210 billion of revenues in 2012, compared with a net loss ofUS$47.3 million on US$1.078 billion of revenues in 2011.

The Company's balance sheet at Dec. 31, 2012, showedUS$8.878 billion in total assets, US$5.010 billion in totalliabilities, and shareholders' equity of US$3.868 billion.

Going Concern Doubt

Ernst & Young (Hellas), in Athens, Greece, expressed substantialdoubt about DryShips Inc.'s ability to continue as a goingconcern, citing the Company's working capital deficit ofUS$670 million at Dec. 31, 2012, and in addition, the non-compliance by the shipping segment with certain covenants of itsloan agreements with banks.

As of Dec. 31, 2012, the shipping segment was not in compliancewith certain loan-to-value ratios contained in certain of itsloan agreements. In addition, as of Dec. 31, 2012, the shippingsegment was in breach of certain financial covenants, mainly theinterest coverage ratio, contained in the Company's loanagreements relating to US$769,098,000 of the Company's debt. Asa result of this non-compliance and of the cross defaultprovisions contained in all bank loan agreements of the shippingsegment and in accordance with guidance related to theclassification of obligations that are callable by the creditor,the Company has classified all of its shipping segment's bankloans in breach amounting to US$941,339,000 as current atDec. 31, 2012.

1. The Tennessee Department of Revenue has a claim in theamount of $8,211.99 for unpaid Business County, Business City, andFranchise and Excise taxes. This claim is entitled to prioritytreatment pursuant to 11 U.S.C. Section 507(a)(8).

2. In Chapter 11s, the total value of tax claims are to berepaid in full via regular cash installments over a period not toexceed 5 years from the date of the order for relief. 11 U.S.C.Section 1129(a)(9)(C).

3. To enable tax creditors to receive the total present valueof their claims, the applicable nonbankruptcy law interest rateapplies. 11 U.S.C. Section 511(a).

Dogwood Properties, G.P., owns and operates 110 single-familyrental homes, all located in Shelby and DeSoto counties inTennessee. The total value of its real estate holdings isestimated to be $9,985,000. Dogwood has nine secured lenders whoare owed a total of approximately $14,486,000.

For the nine months ended March 31, 2013, the Company incurred anet loss of $9.03 million on $4.14 million of total revenue, ascompared with a net loss of $3.68 million on $2.08 million oftotal revenue for the nine months ended March 31, 2012.

The Company's balance sheet at March 31, 2013, showed $3.19million in total assets, $11.85 million in total liabilities and a$8.66 million total stockholders' deficit.

ECOTALITY INC: Court Okays Hiring of Jennings Strouss as Counsel----------------------------------------------------------------The Official Committee of Unsecured Creditors of ElectricTransportation Engineering Corporation (dba Ecotality NorthAmerica) and its debtor-affiliates sought and obtainedauthorization from the Hon. Randolph J. Haines of the U.S.Bankruptcy Court for the District of Arizona to retain Jennings,Strouss & Salmon, P.L.C. as counsel, effective Sept. 26, 2013.

The Committee requires Jennings Strouss to:

(a) provide legal advice and assistance to the Committee in its consultation with the Debtors relative to the Debtors' administration of its reorganization;

(b) represent the Committee at hearings held before the Court and communicate with the Committee regarding the issues raised, as well as the decisions of the Court;

(c) assist and advise the Committee in its examination and analysis of the conduct of the Debtors' affairs and the reasons for the Chapter 11 filings;

(d) review and analyze all applications, motions, orders, statements of operations and schedules filed with the Court by the Debtors or third parties, advise the Committee as to their propriety, and, after consultation with the Committee, take appropriate action;

(e) assist the Committee in preparing applications, motions, and orders in support of positions taken by the Committee, as well as prepare witnesses and review documents in this regard;

(f) apprise the Court of the Committee's analysis of the Debtors' operations;

(g) confer with the accountants and any other professionals retained by the Committee, if any are selected and approved, so as to advise the Committee and the Court more fully of the Debtors' operations;

(h) assist the Committee in its negotiations with the Debtors and other parties-in-interest concerning the terms of any proposed plan of reorganization;

(i) assist the Committee in its consideration of any plan of reorganization proposed by the Debtors or other parties-in- interest as to whether it is in the best interest of creditors and is feasible;

(j) assist the Committee with such other services as may contribute to the confirmation of a plan of reorganization;

(k) advise and assist the Committee in evaluating and prosecuting any claims that the Debtors may have against third parties;

(l) assist the Committee in the determination of whether to, and if so, how to, sell the assets of the Debtors for the highest and best price; and

(m) assist the Committee in performing such other services as may be in the interest of creditors, including, but not limited to, the commencement of, and participation in, appropriate litigation respecting the estate.

Jennings Strouss will be paid at these hourly rates:

Carolyn J. Johnsen $565 Todd B. Tuggle $405 Kami M. Hoskins $310

Jennings Strouss will also be reimbursed for reasonable out-of-pocket expenses incurred.

Carolyn J. Johnsen, member of Jennings Strouss, assured the Courtthat the firm is a "disinterested person" as the term is definedin Section 101(14) of the Bankruptcy Code and does not representany interest adverse to the Debtors and their estates.

Headquartered in San Francisco, California, Ecotality, Inc.(Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of electric transportation and storage technologies.

Ecotality Inc. along with affiliates including lead debtorElectric Transportation Engineering Corp. sought Chapter 11protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16,2013, with plans to sell the business at an auction.

Electric Transportation estimated assets of $10 million to $50million and debt of $100 million to $500 million. Unlike mostcompanies in bankruptcy, Ecotality has no secured debt. It simplyran out of money. There's $5 million owing on convertible notes,plus liability on leases. Part of pre-bankruptcy financing tookthe form of a $100 million cost-sharing grant from the U.S. EnergyDepartment. In view of the San Francisco-based company'sfinancial problems, the government cut off the grant when $84.8million had been drawn.

On Sept. 24, 2013, the Office of the United States Trustee forRegion 14 appointed a committee of unsecured creditors.

In October 2013, the bankruptcy judge cleared Ecotality to sellits assets after three separate bidders offered $4.3 million intotal for the company's assets at an auction.

EDWIN SHAW HOSPITAL: Claims Bar Date Set for Nov. 11----------------------------------------------------Creditors of Edwin Shaw Hospital for Rehabilition will have untilNov. 11, 2013, to file proofs of claim against the hospitaloperator.

Edwin Shaw Hospital is in receivership proceedings (Ohio Ct.Common Pleas, Case No. CV20017 06 4031) pending before the Courtof Common Pleas for Summit County, Ohio. On July 10, 2013, theCourt appointed Louise M. Mazur as the substitute receiver toliquidate the hospital's assets.

EXCEL MARITIME: Committee Challenge Period Extended Until Nov. 4----------------------------------------------------------------The Official Committee of Unsecured Creditors of Excel MaritimeCarriers Ltd., et al., Wilmington Trust (London), Ltd., asAdministrative Agent under that certain $1,400,000,000 SeniorSecured Credit Facility dated as of April 14, 2008, and thesteering committee of lenders under the Senior Credit Agreementhave entered into a second stipulation and agreed order extendingthe Challenge Period Expiration Date established by paragraph 11of the Final Cash Collateral Order dated Aug. 6, 2013, withrespect to Committee's time to commence a Challenge as to theLenders rights, if any, in certain bank accounts of the Debtorsthat are not subject to granted and perfected liens of the Lenders(the "Accounts"), the Settlement Funds to be received from FairWind Navigation, S.A., or Fair Wind's insurer as a result of thesettlement of a controvery with Fair Wind relating to a May 13,2012 vessel collision, or the designated bank account in which theSettlement Funds are to be received (the "Settlement FundsAccount") from Oct. 21, 2013, through and including Nov. 4, 2013.

Notwithstanding the extension for the Committee set forth in thepreceding paragraph, the Stipulated Order will not entitle anyother party to an extension of time beyond Oct. 7, 2013, to asserta Challenge.

About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --http://www.excelmaritime.com/-- is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportationservices for dry bulk cargoes, such as iron ore, coal and grains,as well as bauxite, fertilizers and steel products. Excel owns afleet of 40 vessels and, together with 7 Panamax vessels underbareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,21 Panamax, 2 Supramax and 5 Handymax vessels) with a totalcarrying capacity of approximately 3.9 million DWT. Excel Class Acommon shares have been listed since Sept. 15, 2005, on the NewYork Stock Exchange (NYSE) under the symbol EXM and, prior to thatdate, were listed on the American Stock Exchange (AMEX) since1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billionand liabilities totaling $1.16 billion. Excel owes $771 millionto secured lenders with liens on almost all assets. There is $150million owing on 1.875 percent unsecured convertible notes.

Excel Maritime filed a Chapter 11 petition (Bankr. S.D.N.Y. CaseNo. 13-23060) on July 1, 2013, in New York after signing anagreement where secured lenders owed $771 million support areorganization plan filed alongside the petition. The Debtordisclosed $35,642,525 in assets and $1,034,314,519 in liabilitiesas of the Chapter 11 filing.

The Debtors' Chapter 11 plan filed on July 15, 2013, proposes toimplement a reorganization worked out before a July 1 bankruptcyfiling. The plan will give ownership to secured lenders owed $771million, although the lenders will allow current owner GabrielPanayotides to keep control, at least initially. Unsecuredcreditors with claims totaling $163 million will receive a $5million, eight percent note for a predicted recovery of 3 percent.Holders of $150 million in unsecured convertible notes make up thebulk of the unsecured-claim pool.

(a) assist the Committee in these chapter 11 cases in all matters where the Committee is adverse to one or more of the Conflicted Parties; and

(b) perform other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules or other applicable law.

Lawrence S. Robbins, Esq., partner of Robbins Russell, assured theCourt that the firm is a "disinterested person" as the term isdefined in Section 101(14) of the Bankruptcy Code and does notrepresent any interest adverse to the Debtors and their estates.

About Excel Maritime

Based in Athens, Greece, Excel Maritime Carriers Ltd. --http://www.excelmaritime.com/-- is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportationservices for dry bulk cargoes, such as iron ore, coal and grains,as well as bauxite, fertilizers and steel products. Excel owns afleet of 40 vessels and, together with 7 Panamax vessels underbareboat charters, operates 47 vessels (5 Capesize, 14 Kamsarmax,21 Panamax, 2 Supramax and 5 Handymax vessels) with a totalcarrying capacity of approximately 3.9 million DWT. Excel Class Acommon shares have been listed since Sept. 15, 2005, on the NewYork Stock Exchange (NYSE) under the symbol EXM and, prior to thatdate, were listed on the American Stock Exchange (AMEX) since1998.

The company blamed financial problems on low charter rates.

The balance sheet for December 2011 had assets of $2.72 billionand liabilities totaling $1.16 billion. Excel owes $771 millionto secured lenders with liens on almost all assets. There is $150million owing on 1.875 percent unsecured convertible notes.

Excel Maritime filed a Chapter 11 petition (Bankr. S.D.N.Y. CaseNo. 13-23060) on July 1, 2013, in New York after signing anagreement where secured lenders owed $771 million support areorganization plan filed alongside the petition. The Debtordisclosed $35,642,525 in assets and $1,034,314,519 in liabilitiesas of the Chapter 11 filing.

The Debtors' Chapter 11 plan filed on July 15, 2013, proposes toimplement a reorganization worked out before a July 1 bankruptcyfiling. The plan will give ownership to secured lenders owed $771million, although the lenders will allow current owner GabrielPanayotides to keep control, at least initially. Unsecuredcreditors with claims totaling $163 million will receive a $5million, eight percent note for a predicted recovery of 3 percent.Holders of $150 million in unsecured convertible notes make up thebulk of the unsecured-claim pool.

According to the report, the U.S. government-owned firm allegedthat the banks, including Bank of America Corp., JPMorgan Chase &Co. and Citigroup Inc., acted to suppress the rate though quotesthey submitted to the British Bankers Association, according tothe complaint filed on Oct. 31 in Manhattan federal court.

Global authorities have been investigating claims that more than adozen banks altered submissions used to set benchmarks such asLibor to profit from bets on interest-rate derivatives or to makethe lenders' finances appear healthier, the report related.

The alleged suppression of the rate caused Washington-based FannieMae to lose as much as $332 million on interest-rate swaps withBarclays Plc, UBS AG, Royal Bank of Scotland Plc, Deutsche BankAG, Credit Suisse Group AG, Bank of America, Citigroup andJPMorgan, according to the complaint.

"Defendants initially took these and other overt acts describedabove to further the corrupt agreement between them and to carryout a common plan to execute a fraud on Fannie Mae and to benefitdefendants," the company claimed.

The case is Federal National Mortgage Association v. Barclays BankPlc, 0:13-cv-07720, U.S. District Court, Southern District of NewYork (Manhattan).

About Fannie Mae

Federal National Mortgage Association, aka Fannie Mae, is agovernment-sponsored enterprise that was chartered by U.S.Congress in 1938 to support liquidity, stability and affordabilityin the secondary mortgage market, where existing mortgage-relatedassets are purchased and sold.

The U.S. Department of the Treasury owns Fannie Mae's seniorpreferred stock and a warrant to purchase 79.9 percent of itscommon stock, and Treasury has made a commitment under a seniorpreferred stock purchase agreement to provide Fannie with fundsunder specified conditions to maintain a positive net worth.

As of June 30, 2013, Fannie Mae had $3.28 trillion in totalassets, $3.26 trillion in total liabilities and $13.24 billion intotal equity.

Conservatorship

Fannie Mae has operated under the conservatorship of the FederalHousing Finance Agency since Sept. 6, 2008. Fannie Mae has notreceived funds from Treasury since the first quarter of 2012. Thefunding the company has received under the senior preferred stockpurchase agreement with the U.S. Treasury has provided the companywith the capital and liquidity needed to maintain its ability tofulfill its mission of providing liquidity and support to thenation's housing finance markets and to avoid a trigger ofmandatory receivership under the Federal Housing FinanceRegulatory Reform Act of 2008. For periods through March 31,2013, Fannie Mae has requested cumulative draws totaling $116.1billion. Under the senior preferred stock purchase agreement, thepayment of dividends cannot be used to offset prior Treasurydraws. Accordingly, while Fannie Mae has paid $35.6 billion individends to Treasury through March 31, 2013, Treasury stillmaintains a liquidation preference of $117.1 billion on thecompany's senior preferred stock.

In August 2012, the terms governing the company's dividendobligations on the senior preferred stock were amended. Theamended senior preferred stock purchase agreement does not allowthe company to build a capital reserve. Beginning in 2013, therequired senior preferred stock dividends each quarter equal theamount, if any, by which the company's net worth as of the end ofthe preceding quarter exceeds an applicable capital reserveamount. The applicable capital reserve amount is $3.0 billion foreach quarter of 2013 and will be reduced by $600 million annuallyuntil it reaches zero in 2018.

The amount of remaining funding available to Fannie Mae under thesenior preferred stock purchase agreement with Treasury iscurrently $117.6 billion. Fannie Mae is not permitted to redeemthe senior preferred stock prior to the termination of Treasury'sfunding commitment under the senior preferred stock purchaseagreement.

FIRST BUSINESS: Has $3.61-Mil. Net Income for Q3 Ended Sept. 30---------------------------------------------------------------First Business Financial Services, Inc., filed with the U.S.Securities and Exchange Commission its quarterly report on Form10-Q, reporting a net income of $3,609,000 on $13,586,000 of totalinterest income for the three months ended Sept. 30, 2013,compared to a net income of $2,622,000 on $14,032,000 for the sameperiod last year.

The Company's balance sheet at Sept. 30, 2013, showed$1,264,939,000 in total assets, $1,158,840,000 in totalliabilities, and total stockholders' equity of $106,099,000.

First Business Financial Services, Inc., is a bank holding companyengaged in the commercial banking business through its whollyowned banking subsidiaries, First Business Bank and First BusinessBank - Milwaukee (the Banks). The operations of FBFS areconducted through the Banks and certain subsidiaries of FirstBusiness Bank. The Banks operate as business banks focusing ondelivering a range of commercial banking products and servicestailored to meet the specific needs of small and medium-sizedbusinesses, business owners, executives, professionals and highnet worth individuals.

FIRST NATIONAL BANK: Claims Bar Date Set for Dec. 18----------------------------------------------------The Federal Deposit Insurance Corporation, the appointed receiverfor First National Bank of Edinburg, Texas, advised that creditorsof the failed institution must submit their proofs of claims inwriting, to the receiver by Dec. 18, 2013. The claims may bedelivered to:

A copy of the proof of claim form may be obtained fromhttp://www.fdic.govo by calling 972-761-8677

By law, the receiver will not accept a claim filed on behalf of aproposed class of individuals or entities or a class ofindividuals or entities certified by a court. Each individual orentity must file a separate claim with the receiver.

The Office of the Comptroller of Currency on Sept. 13 closed thebank and appointed the FDIC as receiver. The FDIC arranged forthe transfer of all deposits, including uninsured amounts, at thefailed bank to another insured depository institution,PlainsCapital Bank, in Dallas.

FREDERICK'S OF HOLLYWOOD: Mayer Hoffman Raises Going Concern Doubt------------------------------------------------------------------Frederick's of Hollywood Group Inc. filed with the U.S. Securitiesand Exchange Commission on Oct. 25, 2013, its annual report onForm 10-K for the year ended July 27, 2013.

Mayer Hoffman McCann expressed substantial doubt about theCompany's ability to continue as a going concern, citing thecompany has suffered recurring losses from continuing operations,has negative cash flows from operations, has a working capital anda shareholders' deficiency at July 27, 2013.

The Company reported a net loss of $22,522,000 on $86,507,000 ofnet sales in 2013, compared with a net loss of $6,432,000 in 2012.

The Company incurred a net loss of $6.43 million on $111.40million of net sales for the year ended July 28, 2012, comparedwith a net loss of $12.05 million on $119.61 million of net salesfor the year ended July 30, 2011. As of April 27, 2013, theCompany had $36.08 million in total assets, $46.35 million intotal liabilities and a $10.27 million total shareholders'deficiency.

"Our problem is we have no money in the checking account at all,"Mayor Ashley Swearengin said to the silent room, the reportrelated. "None." The situation was so dire that covering anunexpected expense -- a new air-conditioning unit or firetruck,for example -- would mean slicing into the payroll or borrowingfrom another depleted city fund, she said.

Things have improved slightly since, and officials recently putinto motion a plan to fix the agricultural hub's finances, thereport said. But Fresno remains on the edge -- short on money,credit and options.

The sprawling city of about 500,000 people had less than a day'sworth of available cash in its general fund, based on its 2012financial report, the report further related. That was among thelowest of the 250 largest U.S. cities, according to data providedto The Wall Street Journal by Merritt Research Services LLC. Themedian was 81.1 days. Cash on hand is a key metric analysts use toflag fiscally stressed cities.

Fresno currently has just $1.5 million in emergency reserves?afraction of the $10 million a city its size should have, based onstandards from a national government-finance group, the reportadded. Borrowing is difficult and expensive. Officials fear thatan event requiring a lot of police or fire overtime, or anexpensive legal judgment, could be a painful setback.

Fresno, in the middle of the state about 200 miles from LosAngeles, is the hub of a farming county that produced $6 billionof agricultural commodities in 2010, including almonds, raisinsand oranges. Nonetheless, the recession helped open $100 millionof cumulative deficits in the city budget since February 2009 evenas Fresno cut a third of its worker positions. The metropolitanarea's jobless rate was 15.3 percent in June, compared with 10.7percent statewide.

Fresno, Stockton and San Bernardino were among the 20 metropolitanareas with the nation's highest foreclosure rates in the firsthalf of 2012, according to RealtyTrac Inc.

GETTY IMAGES: Bank Debt Trades at 12% Off-----------------------------------------Participations in a syndicated loan under which Getty Images Incis a borrower traded in the secondary market at 87.77 cents-on-the-dollar during the week ended Friday, November 1, 2013,according to data compiled by LSTA/Thomson Reuters MTM Pricing andreported in The Wall Street Journal. This represents a decreaseof 1.89 percentage points from the previous week, The Journalrelates. Getty Images Inc pays 350 basis points above LIBOR toborrow under the facility. The bank loan matures on Oct. 14,2019. The bank debt carries Moody's B2 rating and Standard &Poor's B rating. The loan is one of the biggest gainers andlosers among 212 widely quoted syndicated loans with five or morebids in secondary trading for the week ended Friday.

About Getty Images

Headquartered in Seattle, Wash., Getty Images is a leading creatorand distributor of still imagery, video and multimedia products,as well as a recognized provider of other forms of premium digitalcontent, including music. The company was founded in 1995 andprovides stock images, music, video and other digital contentthrough several web sites, nota0bly gettyimages.com,istockphoto.com, and thinkstock.com. In October 2012, The CarlyleGroup completed the acquisition of a controlling indirect interestin Getty Images in a transaction valued at approximately $3.3billion (up from the $2.4 billion transaction value of the priorLBO in 2008). The Carlyle Group owns approximately 51% of thecompany with a trust representing certain Getty family membersowning approximately 49%. Revenues totaled $897 million for the 12months ended June 30, 2013.

* * *

As reported in the Troubled Company Reporter on Sept. 5, 2013,Moody's Investors Service placed the ratings of Getty Images onreview for downgrade based on weaker than expected results through2Q2013 and Moody's revised expectations for the next 12 months.According to Moody's, Corporate Family Rating of Issuer: GettyImages, Inc. and Abe Investment Holdings, Inc., currently B2, isplaced on review for possible downgrade.

GOLDKING HOLDINGS: Gets Interim Approval for $16-Mil. DIP Loan--------------------------------------------------------------Law360 reported that a Delaware bankruptcy judge gave the interimnod on Oct. 31 to private equity-backed oil firm Goldking HoldingsLLC's $16 million postpetition loan, but some significant fightsmay lie ahead in the case as the company's former CEO questionedwhy the filing occurred in Delaware and the validity of thepetition itself.

According to the report, in a hearing in Wilmington, an attorneyfor former Goldking CEO Leonard C. Tallerine Jr. -- who owns anearly 6 percent stake in the company through an entity calledGoldking LT Capital Corp.

Goldking Holdings LLC, an oil-and-gas exploration company, soughtbankruptcy protection from creditors with plans to sell virtuallyall its assets on October 30, 2013. The case is In re GoldkingHoldings LLC, 13-bk-12820, U.S. Bankruptcy Court, District ofDelaware (Wilmington). The case is before Judge Brendan LinehanShannon.

GREEN AUTOMOTIVE: Has $3-Mil. Net Loss for Quarter Ended June 30----------------------------------------------------------------Green Automotive Company filed with the U.S. Securities andExchange Commission its quarterly report on Form 10-Q, reporting anet loss of $3,001,743 on $429,392 of revenues for the threemonths ended June 30, 2013, compared to a net loss of $413,000 forthe same period last year.

The Company's balance sheet at June 30, 2013, showed $2,328,947 intotal assets, $38,220,419 in total liabilities, and totalstockholders' deficit of $35,891,472.

Green Automotive Company is a vehicle design, engineering,manufacturing and distribution company. The Company also providesafter sales program. It possesses a portfolio of businesses and isactive in three main market segments: Cutting edge technologydevelopment, engineering and design with a focus on zero and lowemission vehicle solutions; Manufacturing and customization ofvehicles for markets with the potential to be converted into lowemission or electric vehicles, such as shuttle buses, taxis,commercial vehicles, and After sales services for electric or lowemission vehicles, including servicing and repair.

HOSPITALITY STAFFING: Taps Conway MacKenzie to Provide CRO, VP--------------------------------------------------------------HSS Holding, LLC, et al., seek authority from the U.S. BankruptcyCourt for the District of Delaware to employ, pursuant to Section363(b) of the Bankruptcy Code, Conway Mackenzie ManagementServices, LLC, to provide a chief restructuring officer andadditional personnel, and appoint A. Jeffrey Zappone as their CROand Peter J. Richter as their executive vice president.

The engagement letter between the Debtors and CMS provides thatthe firm will be compensated for its services on a weekly basispursuant to these hourly rates:

The engagement agreement also provides for a retainer in theamount of $50,000, and the reimbursement of CMS' reasonable out-of-pocket expenses.

The firm assures the Court that it is a "disinterested person" asthe term is defined in Section 101(14) of the Bankruptcy Code anddoes not represent any interest adverse to the Debtors and theirestates.

A hearing on the employment motion will be held on Nov. 19, 2013,at 1:00 p.m. Objections are due Nov. 12.

About Hospitality Staffing Solutions, LLC

Hospitality Staffing Solutions, LLC (HSS) --http://www.hssstaffing.com-- is a hospitality staffing company. Established in 1990, the company's team of hotel industry expertsworks with 4 and 5 star properties in 35 states and 62 marketsacross the country.

Hospitality Staffing Solutions and various affiliates filedvoluntary Chapter 11 petitions (Bankr. D. Del. Lead Case No.13-12740) on Oct. 24, 2013, to facilitate a sale of the businessto HS Solutions Corporation, an entity formed by LJC InvestmentsI, LLC and a group of investors including Littlejohn OpportunitiesMaster Fund, L.P., Caymus Equity Partners and Management, and SGDistressed Debt Fund LP. The investor group acquired $22.9million of the Company's secured bank debt on Oct. 11. That debtis in default.

The firm will also be reimbursed for any necessary out-of-pocketexpenses.

Mr. Minuti, a partner at Saul Ewing LLP, in Wilmington, Delaware,assures the Court that his firm is a "disinterested person" as theterm is defined in Section 101(14) of the Bankruptcy Code and doesnot represent any interest adverse to the Debtors and theirestates. In the one-year period prior to the Petition Date, SaulEwing received payment from the Debtors in the approximate amountof $365,000 for services rendered in contemplation of or inconnection with the planning of the Debtors' bankruptcy cases. Asof the Petition Date, Saul Ewing also received from the Debtorsthe filing fees for the Chapter 11 cases in the amount of $12,130.

A hearing on the employment motion will be held on Nov. 19, 2013,at 1:00 p.m. Objections are due Nov. 12.

About Hospitality Staffing Solutions, LLC

Hospitality Staffing Solutions, LLC (HSS) --http://www.hssstaffing.com-- is a hospitality staffing company. Established in 1990, the company's team of hotel industry expertsworks with 4 and 5 star properties in 35 states and 62 marketsacross the country.

Hospitality Staffing Solutions and various affiliates filedvoluntary Chapter 11 petitions (Bankr. D. Del. Lead Case No.13-12740) on Oct. 24, 2013, to facilitate a sale of the businessto HS Solutions Corporation, an entity formed by LJC InvestmentsI, LLC and a group of investors including Littlejohn OpportunitiesMaster Fund, L.P., Caymus Equity Partners and Management, and SGDistressed Debt Fund LP. The investor group acquired $22.9million of the Company's secured bank debt on Oct. 11. That debtis in default.

HRK HOLDINGS: Wants to Borrow $51K From Regions Bank 2nd DIP Loan-----------------------------------------------------------------HRK Holdings, LLC, and HRK Industries, LLC, ask the U.S.Bankruptcy Court for the Middle District of Florida permission touse existing availability under its Second DIP Loan Facility -- inan amount not to exceed $51,000 -- to pay a consultant to developa plan and assist in obtaining permits for a UIC well and payprofessionals to obtain a survey of a phosphogypsum stack systemknown as the Gypstacks.

The requested amount will be used by the Debtors to retain aconsultant to develop disposal alternatives for dealing theprocessed water in the Gypstacks that cannot be disposed throughordinary means. An alternative seen is the development of anunderground injection control (UIC) well.

The Court-approved Second DIP Loan was for a $3.48 million loanfrom Regions Bank, N.A., which was allocated between an OperatingLine of Credit and the Site Work Line of Credit. An additional$1.25 million under the Second DIP Facility was approved as anincrease in the Operating Line of Credit. The Site Work Line ofCredit were to be advanced to address certain initial repair andinitial remediation issues relating to the Gypstacks pursuant to abudget.

About HRK Holdings

Based in Palmetto, Florida, HRK Holdings LLC owns roughly 675contiguous acres of real property in Manatee County, Florida.Roughly 350 acres of the property accommodates a phosphogypsumstack system, called Gypstaks, a portion of which was used as analternate disposal area for the management of dredge materialspursuant to a contract with Port Manatee and as authorized underan administrative agreement with the Florida Department ofEnvironmental Protection. The remaining acres of usable land areeither leased to various tenants or available for sale. HRKIndustries holds various contracts and leases associated with theDebtors' property.

HRK Holdings disclosed $33,366,529 in assets and $26,092,559in liabilities in its revised schedules.

According to the Debtors, the bankruptcy filing was necessitatedby the immediate need to sell a portion of the remaining propertyto create liquidity for (a) funding the urgent management of thesite-related environmental concerns; the benefit of creditors;funding a litigation filed by the Debtors; and funding of expensesrelated to additional sales of the remaining property.

HRK HOLDINGS: Seeks Exclusive Plan Filing Period Thru Jan. 27-------------------------------------------------------------HRK Holdings, LLC, and HRK Industries, LLC, ask the Floridabankruptcy court for more time to exclusively filed a Chapter 11Plan and Disclosure Statement through and including Jan. 27, 2014.They also seek an extension for more time to solicit acceptancesfor that plan through March 30, 2014.

The Debtors are seeking the exclusive periods extension to allowthem the time necessary to close anticipated sales to successfulbidders for the sale of their real property assets.

The Debtors assert the Court that their extension request is notsubmitted for purposes of delay.

About HRK Holdings

Based in Palmetto, Florida, HRK Holdings LLC owns roughly 675contiguous acres of real property in Manatee County, Florida.Roughly 350 acres of the property accommodates a phosphogypsumstack system, called Gypstaks, a portion of which was used as analternate disposal area for the management of dredge materialspursuant to a contract with Port Manatee and as authorized underan administrative agreement with the Florida Department ofEnvironmental Protection. The remaining acres of usable land areeither leased to various tenants or available for sale. HRKIndustries holds various contracts and leases associated with theDebtors' property.

HRK Holdings disclosed $33,366,529 in assets and $26,092,559in liabilities in its revised schedules.

According to the Debtors, the bankruptcy filing was necessitatedby the immediate need to sell a portion of the remaining propertyto create liquidity for (a) funding the urgent management of thesite-related environmental concerns; the benefit of creditors;funding a litigation filed by the Debtors; and funding of expensesrelated to additional sales of the remaining property.

INGLEWOOD RDA: S&P Raises Tax Allocation Bonds Rating From 'BB+'----------------------------------------------------------------Standard & Poor's Ratings Services raised its underlying rating(SPUR) to 'BBB+' from 'BB+' on Inglewood Redevelopment Agency(RDA), Calif.'s subordinate-lien tax allocation bonds (TABs) andraised its SPUR and long-term rating to 'BBB+' from 'BBB-' on theagency's housing TABs. S&P also removed the ratings fromCreditWatch with positive implications, where they had been placedMay 23, 2013, because it has received confirmation that the LosAngeles County auditor-controller has remitted the previously heldtax overrides to the successor agency (SA). The outlook isstable.

The stable outlook reflects S&P's anticipation that AV shouldstabilize and the tax rate override should be available to the SA.

IKANOS COMMUNICATIONS: Has $8.66-Mil. Net Loss in Sept. 29 Quarter------------------------------------------------------------------Ikanos Communications, Inc., filed with the U.S. Securities andExchange Commission its quarterly report on Form 10-Q, reporting anet loss of $8.66 million on $16.9 million of revenues for thethree months ended Sept. 29, 2013, compared to a net loss of $6.36million on $31.37 million of revenues on Sept. 30, 2012.

The Company's balance sheet at Sept. 29, 2013, showed $56.56million in total assets, $27.88 million in total liabilities, andstockholders' equity of $28.68 million.

IZEA, Inc., headquartered in Orlando, Fla., believes it is a worldleader in social media sponsorships ("SMS"), a rapidly growingsegment within social media where a company compensates a socialmedia publisher to share sponsored content within their socialnetwork. The Company accomplishes this by operating multiplemarketplaces that include its platforms SocialSpark,SponsoredTweets and WeReward, as well as its legacy platformsPayPerPost and InPostLinks.

IZEA reported a net loss of $4.67 million in 2012 as compared witha net loss of $3.97 million in 2011. The Company's balance sheetat June 30, 2013, showed $1.64 million in total assets, $4.35million in total liabilities and a $2.70 million totalstockholders' deficit.

Cross, Fernandez & Riley, LLP, in Orlando, Florida, issued a"going concern" qualification on the consolidated financialstatements for the year ended Dec. 31, 2012. The independentauditors noted that the Company has incurred recurring operatinglosses and had a negative working capital and an accumulateddeficit at Dec. 31, 2012. These conditions raise substantialdoubt about the Company's ability to continue as a going concernwithout raising sufficient additional financing.

JC PENNEY: Bank Debt Trades at 3% Off-------------------------------------Participations in a syndicated loan under which JC Penney is aborrower traded in the secondary market at 96.77 cents-on-the-dollar during the week ended Friday, Nov. 1, 2013, according todata compiled by LSTA/Thomson Reuters MTM Pricing and reported inThe Wall Street Journal. This represents an increase of 0.71percentage points from the previous week, The Journal relates.JC Penney pays 500 basis points above LIBOR to borrow under thefacility. The bank loan matures on April 29, 2018, and carriesMoody's B2 rating and Standard & Poor's B- rating. The loan isone of the biggest gainers and losers among 205 widely quotedsyndicated loans with five or more bids in secondary trading forthe week ended Friday.

J.C. Penney Company, Inc. is one of the U.S.'s largest departmentstore operators with about 1,100 locations in the United Statesand Puerto Rico.

JEFFERSON COUNTY, AL: Stakeholders Help Facilitate Bankruptcy Exit------------------------------------------------------------------Assured Guaranty has been working with Jefferson County, Alabama,and other stakeholders over the last few years to find a solutionto resolve the County's sewer indebtedness issues and allow it toexit bankruptcy. In a further step in this process, the County'splan support parties, including Assured Guaranty Municipal Corp.(Assured Guaranty Municipal), have agreed to additional measuresto permit the County to emerge from bankruptcy.

"Assured Guaranty has been an integral part of the solution byhelping to facilitate a viable bankruptcy exit plan thataccomplishes the objectives of Jefferson County and are supportedby the stakeholders," said Dominic Frederico, President and CEO ofAssured Guaranty Ltd.

Under the terms of [Thurs]day's agreement, Assured GuarantyMunicipal would insure $500 million of proposed Jefferson County,Alabama, Senior Lien Sewer Revenue Warrants. The senior lienwarrants would be secured by a gross lien on system revenues, andthe lien would be closed to prevent any future dilution of thesenior lien warrants' claim on revenues. Further, therestructuring would result in a significant deleveraging of thesewer system. If [Thurs]day's agreement and the conditionalsettlement agreement announced on June 4, 2013 are implemented,Assured Guaranty's losses would continue to be within its June 30,2013 Jefferson County reserves.

Assured Guaranty Municipal's participation in the County'sbankruptcy exit plan underscores its unique ability to assistissuers in accessing the capital markets to help them achievetheir capital market needs.

Throughout the County's fiscal difficulties, Assured GuarantyMunicipal has protected the interests of its insured JeffersonCounty warrant holders and, when there was a debt serviceshortfall, made full and timely payment of debt service under itsunconditional and irrevocable financial guaranty insurancepolicies -- even when the sewer warrant trustee ceased submittingclaims for payment under Assured Guaranty Municipal's policies.Assured Guaranty Municipal is a member of the Assured Guarantygroup, which has $12 billion in consolidated claims-payingresources.

About Assured Guaranty Ltd.

Assured Guaranty Ltd. -- http://www.AssuredGuaranty.com-- is a Bermuda-based holding company that provides, through its operatingsubsidiaries, insurance products to the U.S. and internationalpublic finance, infrastructure and structured finance markets.

About Jefferson County

Jefferson County has its seat in Birmingham, Alabama. It has apopulation of 660,000.

Jefferson County filed a bankruptcy petition under Chapter 9(Bankr. N.D. Ala. Case No. 11-05736) on Nov. 9, 2011, after anagreement among elected officials and investors to refinance$3.1 billion in sewer bonds fell apart.

John S. Young Jr. LLC was appointed as receiver by Alabama CircuitCourt Judge Albert Johnson in September 2010.

Jefferson County's bankruptcy represents the largest municipaldebt adjustment of all time. The county said that long-term debtis $4.23 billion, including about $3.1 billion in defaulted sewerbonds where the debt holders can look only to the sewer system forpayment.

The county said it would use the bankruptcy court to put a valueon the sewer system, in the process fixing the amount bondholdersshould be paid through Chapter 9.

Judge Thomas B. Bennett presides over the Chapter 9 case. Lawyersat Bradley ArantBoult Cummings LLP and Klee, Tuchin, Bogdanoff&Stern LLP, led by Kenneth Klee, represent the Debtor as counsel.Kurtzman Carson Consultants LLC serves as claims and noticingagent. Jefferson estimated more than $1 billion in assets. Thepetition was signed by David Carrington, president.

The bankruptcy judge in January 2012 ruled that the state court-appointed receiver for the sewer system largely lost control as aresult of the bankruptcy. Before deciding whether Jefferson Countyis eligible for Chapter 9, the bankruptcy judge will allow theAlabama Supreme Court to decide whether sewer warrants are theequivalent of "funding or refunding bonds" required under statelaw before a municipality can be in bankruptcy.

U.S. District Judge Thomas B. Bennett ruled in March 2012 thatJefferson County is eligible under state law to pursue a debtrestructuring under Chapter 9. Holders of more than $3 billion indefaulted sewer debt had challenged the county's right to be inChapter 9.

In June 2013, the county reached settlement with holders of78 percent of the $3.1 billion in sewer debt at the core of thecounty's financial problems. The bondholders will be paid$1.84 billion through a refinancing, according to a term sheet.The settlement calls for JPMorgan Chase & Co., the owner of$1.22 billion in bonds, to make the largest concessions so otherbondholder will recover more.

On June 30, 2013, Jefferson County filed a Chapter 9 plan of debtadjustment. Pursuant to the Plan, sewer bondholders will receive65 percent in cash. If they elect to waive claims againstJPMorgan and bond insurers, they receive 80 percent in cash.Bondholders supporting the plan already agreed to waive claims andreceive the larger recovery. Existing sewer bonds will becanceled in exchange for payments under the plan. The county willfund plan distributions by selling new sewer bonds calculated togenerate $1.96 billion to cover the $1.84 billion earmarked forexisting sewer bondholders. JPMorgan has agreed to waive $842million of the sewer debt and a $657 million swap debt, resultingin an 88 percent overall write off by JPMorgan. To finance thenew sewer bonds, there will be 7.4 percent in rate increases forsewer customers in each of the first four years. In later years,rate increases will be 3.5 percent.

JEFFERSON COUNTY: S&P Raises SPUR on School Warrants to 'CCC'-------------------------------------------------------------Standard & Poor's Ratings Services raised its long-term andunderlying ratings (SPUR) on Jefferson County, Ala.'s series 2000limited obligation school warrants to 'CCC' for from 'C'.Standard & Poor's also raised its long-term and underlying ratings(SPUR) on the county's series 2006 lease revenue warrants to 'CC'from 'C'. The outlook on both series is stable. The ratingactions reflect S&P's adoption of revised ratings definitions onOct. 24, 2013.

Jefferson County filed for protection from its creditors underChapter 9 of the U.S. Bankruptcy Code on Nov. 9, 2011 and isawaiting a confirmation hearing to be held on Nov. 12, 2013regarding its Chapter 9 Plan of Adjustment.

The 'CCC' rating reflects S&P's view that the series 2000 warrantsare currently vulnerable to nonpayment, and depend upon favorablebusiness, financial, and economic conditions for the obligor tomeet its financial commitment on the obligation. However, S&Pbelieves that the county will continue to meet its obligations onthese series during the next 12 months. Under the plan the series2000 limited obligation school warrants are considered"unimpaired," which means claimholders have accepted the plan ofadjustment and are not entitled to vote prior to implementation.The plan does not consider the limited school obligations impaireddue to the fact that its security differs from the otheroutstanding county and school warrants. The county is presentlycurrent on all payments for the series 2000 limited obligationschool warrants.

The 'CC' rating on the series 2006 lease revenue warrants reflectsS&P's view that the warrants are considered "impaired" under theplan of adjustment and S&P expects default to be a virtualcertainty. The plan states that the county has entered into a newlease agreement with the PBA dated Jan. 1, 2013 that includedpartial support of debt service by Ambac (the insurer) beginningin 2016. The county is presently current on all payments for theseries 2006 lease revenue warrants. S&P views Jefferson County'sexpected failure to make full payment on the series 2006 leaserevenue warrants as a virtually certain default by the county;however, S&P do not expect the default to occur prior to 2016.

The stable outlook reflects S&P's view that the county is likelyto continue to make full and timely payments on these obligationsduring the coming year.

KINDER MORGAN: S&P Assigns 'BB' Rating to $1.5BB Sr. Secured Notes------------------------------------------------------------------Standard & Poor's Ratings Services said it assigned its 'BB'issue-level rating and '4' recovery rating to Kinder Morgan Inc.'s(KMI) issuance of up to $1.5 billion of senior secured notes due2021 and 2023. The partnership intends to use note proceeds torepay borrowings outstanding under its revolving credit facility.As of Sept. 30, 2013, KMI had about $36 billion of reported debton a consolidated basis. Houston-based KMI is a large publiclytraded U.S. midstream energy company.

Maillie LLP will also be reimbursed for reasonable out-of-pocketexpenses incurred.

Richard A. Flanagan, IV, principal of Maillie LLP, assured theCourt that the firm is a "disinterested person" as the term isdefined in Section 101(14) of the Bankruptcy Code and does notrepresent any interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on theengagement on Nov. 14, 2013 at 3:00 p.m. Objections, if any, aredue Nov. 7, 2013, at 4:00 p.m.

The Company has 32 operating locations, with 50% of inventoryconcentrated in Mount Vernon, New York; Great Neck, New York;Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,which derives revenues by reimbursement from insurers, Medicareand Medicaid, reported net revenues of $128.5 million in fiscalyear ended March 31, 2013.

Landauer disclosed $2,978,495 in assets and $53,636,751 inliabilities as of the Chapter 11 filing.

LIC CROWN: Hires Klestadt & Winters as Counsel----------------------------------------------LIC Crown Mezz Borrower LLC and its debtor-affiliates ask forpermission from the U.S. Bankruptcy Court for the SouthernDistrict of New York to employ Klestadt & Winters, LLP as counsel,nunc pro tunc to Oct. 10, 2013.

The Debtors require Klestadt & Winters to:

(a) advise the Debtors with respect to their rights, powers and duties as debtors and debtors-in-possession in the continued management and operation of their business and assets;

(b) attend meetings and negotiating with representatives of creditors and other parties in interest and advising and consulting on the conduct of the case, including all of the legal and administrative requirements of operating under Chapter 11;

(c) take all necessary action to protect and preserve the Debtors' estates, including prosecution of actions on behalf of the Debtors, the defense of any actions commenced against the estate, negotiations concerning litigation in which the Debtors may be involved and objections to claims filed against the estate;

(d) prepare on behalf of the Debtors such motions, applications, answers, orders, reports, and papers necessary to the administration of the estate;

(e) assist the Debtors in their analysis and negotiations with any third party concerning matters related to the realization by creditors of a recovery on claims and other means of realizing value;

(f) represent the Debtors at all hearings and other proceedings;

(g) assist the Debtors in their analysis of matters relating to the legal rights and obligations of the Debtors with respect to various agreements and applicable laws;

(h) review and analyze all applications, orders, statements, and schedules filed with the Court and advise the Debtors as to their propriety;

(i) assist the Debtors in preparing pleadings and applications as may be necessary in furtherance of the Debtors' interests and objectives;

(j) assist and advise the Debtors with regard to their Communications to the general creditor body regarding any proposed Chapter 11 plan or other significant matters in this case;

(k) assist the Debtors with respect to consideration by the Court of any disclosure statement or plan prepared or filed pursuant to Sections 1125 or 1121 of the Bankruptcy Code and taking any necessary action on behalf of the Debtors to obtain confirmation of such plan; and

(l) perform such other legal services as may be required and deemed to be in the interest of the Debtors in accordance with their powers and duties as set forth in the Bankruptcy Code.

Klestadt & Winters will also be reimbursed for reasonable out-of-pocket expenses incurred.

On Oct. 4, 2013, Klestadt & Winters received a retainer deposit of$75,000 from Mezzanine Lender, as defined in the CarlsonDeclaration, as a protective advance, which amount was added tothe outstanding balance owed to the Mezzanine Lender.

On Oct. 9, 2013, Klestadt & Winters received an additionalretainer deposit of $50,000 from Roze Enterprises LLC. The$50,000 remitted to Klestadt & Winters by Roze was received byRoze from Homer Group Inc., which is wholly owned and controlledby Mark Karasick, the President of each of the Debtors.

On the petition date, Klestadt & Winters debited $117,476.90 fromthe retainers received from Mezzanine Lender and Roze. Theremaining balance of $7,523.10 is being held by K&W for payment ofpost-petition fees and expenses after allowance by the Court.

Tracy L. Klestadt, partner of Klestadt & Winters, assured theCourt that the firm is a "disinterested person" as the term isdefined in Section 101(14) of the Bankruptcy Code and does notrepresent any interest adverse to the Debtors and their estates.

The Court for the Southern District of New York will hold ahearing on the engagement on Nov. 5, 2013 at 11:00 a.m.

M*MODAL INC: Bank Debt Trades at 9% Off---------------------------------------Participations in a syndicated loan under which M*Modal Inc is aborrower traded in the secondary market at 90.95 cents-on-the-dollar during the week ended Friday, November 1, 2013, accordingto data compiled by LSTA/Thomson Reuters MTM Pricing and reportedin The Wall Street Journal. This represents an increase of 0.90percentage points from the previous week, The Journal relates.M*Modal Inc. pays 550 basis points above LIBOR to borrow under thefacility. The bank loan matures on Aug. 20, 2019. The bank debtcarries Moody's B2 rating and Standard & Poor's B+ rating. Theloan is one of the biggest gainers and losers among 255 widelyquoted syndicated loans with five or more bids in secondarytrading for the week ended Friday.

MCCOMMAS LFG: Haynes And Boone Settles $10-Mil. Atty. Fee Suit--------------------------------------------------------------Law360 reported that Haynes and Boone LLP on Oct. 30 finalized asettlement agreement with a former client that sought to recoversome of the $10 million in legal fees it spent litigating adispute that arose after the firm advised the company to file forbankruptcy, ending a Texas state court suit.

According to the report, terms of the firm's settlement withMcCommas LFG Processing Partners LP and several related entitiesare confidential, attorneys for the parties said on Oct. 31.Haynes and Boone and McCommas jointly moved to dismiss the casewith prejudice on Oct. 30.

MEDICAL ALARM: Posts $1.09-Mil. Income for Q1 Ended March 31, 2012------------------------------------------------------------------Medical Alarm Concepts Holding, Inc., filed with the U.S.Securities and Exchange Commission its quarterly report on Form10-Q, reporting a net income of $1.09 million on $45,624 ofrevenues for the three months ended March 31, 2012, compared to anet loss of $79,656 on $217,443 of revenues for the same period in2011.

The Company's balance sheet at March 31, 2012, showed$1.47 million in total assets, $5 million in total liabilities,and stockholders' deficit of $3.54 million.

The Company's balance sheet at March 31, 2011, showed$1.40 million in total assets, $3.41 million in total liabilities,and a $2 million total stockholders' deficit. As of March 31,2011, the Company had $0 in cash.

The Company said in its quarterly report for the period endedMarch 31, 2011, "We believe we cannot satisfy our cashrequirements for the next twelve months with our current cash and,unless we receive additional financing, we may be unable toproceed with our plan of operations. We do not anticipate thepurchase or sale of any significant equipment. We also do notexpect any significant additions to the number of our employees.The foregoing represents our best estimate of our cash needs basedon current planning and business conditions. Additional funds arerequired, and unless we receive proceeds from financing, we maynot be able to proceed with our business plan for the developmentand marketing of our core services. Should this occur, we willsuspend or cease operations."

The Company has not filed its succeeding financial reports afterthe March 31, 2011, Form 10-Q.

MEDICURE INC: Posts C$502,402 Net Loss in Sept. 30 Quarter----------------------------------------------------------Medicure Inc. filed with the U.S. Securities and ExchangeCommission its quarterly report on Form 6-K, reporting a net lossof C$502,402 on C$747,018 of revenues for the three months endedAug. 31, 2013, compared to a net loss of C$296,744 on C$524,186 ofgross profit for the same period last year.

The Company's balance sheet at Aug. 31, 2013, showed C$3.27million in total assets, C$8.08 million in total liabilities, andstockholders' deficit of C$4.8 million.

Based in Winnipeg, Manitoba, Canada, Medicure Inc. (TSX/NEX:MPH.H) -- http://www.medicure.com/-- is a biopharmaceutical company engaged in the research, development and commercializationof human therapeutics. The Company has rights to the commercialproduct, AGGRASTAT(R) Injection (tirofiban hydrochloride) in theUnited States and its territories (Puerto Rico, U.S. VirginIslands, and Guam). AGGRASTAT(R), a glycoprotein GP IIb/IIIareceptor antagonist, is used for the treatment of acute coronarysyndrome (ACS) including unstable angina, which is characterizedby chest pain when one is at rest, and non-Q-wave myocardialinfarction.

Medicure Inc. incurred a net loss of C$2.57 million on C$2.60million of net product sales for the year ended May 31, 2013, ascompared with net income of C$23.38 million on C$4.79 million ofnet product sales during the prior fiscal year. The Company'sbalance sheet at May 31, 2013, showed C$3.42 million in totalassets, C$7.75 million in total liabilities and a C$4.32million total deficiency.

Ernst & Young, LLP, in Winnipeg, Canada, issued a "going concern"qualification on the consolidated financial statements for theyear ended May 31, 2013. The independent auditors noted thatMedicure Inc. has experienced losses and has accumulated a deficitof $125,877,356 since incorporation and a working capitaldeficiency of $2,065,539 as at May 31, 2013 that raisessubstantial doubt about its ability to continue as a goingconcern.

NATIONAL ENVELOPE: Wins Court Extension of Plan Filing Period-------------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that NE Opco Inc., which wasthe largest closely held envelope maker in North America beforeselling virtually all its assets, won court approval of anextension to Jan. 6 of its exclusivity period, which gives it thesole right to propose a bankruptcy restructuring or liquidationplan.

According to the report, U.S. Bankruptcy Judge Christopher Sontchiapproved the requested extension, according to court documentsfiled Oct. 30 in Wilmington, Delaware.

The company said in court papers that it was seeking the extensionout of an "abundance of caution" because it has spent most of theearly part of the bankruptcy process negotiating and completingsales and hasn't yet been able to turn its attention to windingdown the estates.

"Because the sales closed very recently, the debtors requireadditional time to analyze the path toward winding down thedebtors' estates," NE Opco said in court filings.

The company's exclusivity was set to run out on Oct. 8, courtpapers show. Under Delaware bankruptcy law, the companyautomatically receives an extension of its exclusivity after arequest is made, until a judge rules.

The company won court approval in September to sell substantiallyall its assets to three separate buyers for a total of about $70million.

The envelope maker sought Chapter 11 protection June 10 for thesecond time as mailings dwindle and the Internet keeps growing asthe favored method for communications. The Frisco, Texas-basedcompany listed as much as $500 million in both assets andliabilities.

Private-equity firm Gores Group LLC bought virtually all ofNational Envelope's assets in its first bankruptcy at an August2010 auction for about $208 million.

NE Opco had eight plants and two distribution centers capable ofproducing 37 billion envelopes a year, giving it a 15 percentshare of the U.S market.

According to the report, the company had involuntary Chapter 7bankruptcy proceedings initiated against it on Oct. 14 in U.S.Bankruptcy Court in White Plains, New York, by holders of morethan $1.5 million of defaulted securities under a 2008 $575million indenture.

NEOMEDIA TECHNOLOGIES: Has $26.2-Mil. Net Loss in Sept. 30 Quarter------------------------------------------------------------------NeoMedia Technologies, Inc., filed with the U.S. Securities andExchange Commission its quarterly report on Form 10-Q, reporting anet loss of $26.2 million on $1.6 million of revenues for thethree months ended Sept. 30, 2013, compared to a net income of$19.47 million on $680,000 of revenues for the same period lastyear.

The Company's balance sheet at Sept. 30, 2013, showed $5.62million in total assets, $118.32 million in total currentliabilities, and stockholders' deficit of $117.86 million.

After auditing the 2011 results, Kingery & Crouse, P.A, in Tampa,FL, expressed substantial doubt about the Company's ability tocontinue as a going concern. The independent auditors noted thatthe Company has suffered recurring losses from operations and hasongoing requirements for additional capital investment.

NeoMedia reported a net loss of $19.38 million in 2012 and a netloss of $849,000 in 2011. As of June 30, 2013, the Company had$5.79 million in total assets, $92.13 million in totalliabilities, all current, $4.81 million in series C convertiblepreferred stock, $348,000 in series D convertible preferred stock,and a $91.51 million total shareholders' deficit.

NET TALK.COM: Reports $1.25-Mil. Net Loss in Q2 Ended June 30-------------------------------------------------------------Net Talk.com, Inc., filed with the U.S. Securities and ExchangeCommission its quarterly report on Form 10-Q, reporting a net lossof $1.25 million on $1.44 million of total revenue for the threemonths ended June 30, 2013, compared to a net loss of $7 millionon $1.5 million of total revenue for the same period last year.

The Company's balance sheet at June 30, 2013, showed $4.77 millionin total assets, $25.03 million in total liabilities, redeemablepreferred stock of $5 million and stockholders' deficit of $25.26million.

Net Talk.com incurred a net loss of $14.71 million on $5.79million of total revenue for the year ended Dec. 31, 2012, ascompared with a net loss of $26.17 million on $2.72 million oftotal revenue for the year ended Sept. 30, 2011. The Company'sbalance sheet at March 31, 2013, showed $5.09 million in totalassets, $24.08 million in total liabilities, $5.64 million inredeemable preferred stock, and a $24.63 million totalstockholders' deficit.

Going concern/Bankruptcy Warning

"The presentation of financial statements in accordance with GAAPcontemplates that operations will be sustained for a reasonableperiod. However, we have incurred operating losses of $1,605,859and $3,533,013 during the three months ended March 31, 2013 and2012, respectively. The company is also highly leveraged with$15,995,695 in senior debentures and demand notes and $1,400,000in mortgage debt. In addition, during these periods, we used cashof $562,394 and $1,656,251, respectively, in support of ouroperations. As more fully discussed in Note 6, we have materialredemption requirements associated with our senior debentures anddemand notes, due during the year ended December 31, 2013. Sinceour inception, we have been substantially dependent upon fundsraised through the sale of preferred stock and warrants to sustainour operating and investing activities. These are conditions thatraise substantial doubts about our ability to continue as a goingconcern for a reasonable period," the Company said in itsquarterly report for the period ended March 31, 2013.

Thomas Howell Ferguson P. A., in Tallahassee, Florida, issued a"going concern" qualification on the consolidated financialstatements for the year ended Dec. 31, 2012. The independentauditors noted that the Company has incurred significant recurringlosses from operations its total liabilities exceeds its totalassets, and is dependent on outside sources of funding forcontinuation of its operations. These factors raise substantialdoubt about the Company's ability to continue as a going concern.

NEW STREAM: Fraud Charges Should Not Be Nixed, Feds Say-------------------------------------------------------Law360 reported that the U.S. government returned fire on Oct. 30against moves by top brass at bankrupt hedge fund New StreamCapital LLC to throw out a 19-count indictment alleging securitiesfraud and other offenses, arguing that the charging documentcontains sufficient detail to survive a challenge to dismiss.

According to the report, in a motion filed in Connecticut federalcourt, the U.S. attorney's office argues that the indictment afederal grand jury returned in February charging New Streammanaging partners and co-owners David A. Bryson and Bart C.Gutekunst and its former chief financial officer.

The case is USA v. Bryson et al., Case No. 3:13-cr-00041(D.Conn.).

About New Stream

New Stream is an inter-related group of companies thatcollectively comprise an investment fund, headquartered inRidgefield, Connecticut. Founded in 2002, New Stream focuses onproviding non-traded private debt to the insurance, real estateand commercial finance sectors.

In late 2010, New Stream announced that it had entered intoan agreement with its Bermuda investors to liquidate its masterfund, and that upon the consent of its US and Cayman investors, itwould voluntarily file Chapter 11 bankruptcy petitions.

The petitioning investors in the New Stream investment enterprisesay they are collectively owed over $90 million, representingroughly 28% of the approximately $320 million owed to all U.S. andCayman investors. The Petitioners are represented by (i) JosephH. Huston, Jr., Esq., Maria Aprile Sawczuk, Esq., Meghan A.Cashman, Esq., at Stevens & Lee, P.C., in Wilmington, Delaware,and Beth Stern Fleming, Esq., at Stevens & Lee, P.C., inPhiladelphia, Pennsylvania, and Nicholas F. Kajon, Esq., David M.Green, Esq., and Constantine Pourakis, Esq., at Stevens & Lee,P.C., in New York, (ii) Edward Toptani, Esq., at Toptani LawOffices, in New York, and (iii) John M Bradham, Esq., and DavidHartheimer, Esq., at Mazzeo Song & Bradham LLP, in New York.

NSSC, Inc., estimated its assets and debts at up to $50,000. NSCestimated its assets at $100,000 to $500,000 and debts at $50,000to $100,000. NSI estimated its assets at $100 million to$500 million and debts at $50 million to $100 million. NSSC, LP,estimated its assets and debts at $500 million to $1 billion.

NSI's insurance portfolio is being sold for $184.35 million aspart of the Chapter 11 plan. The aggregate indebtedness securedby the investment portfolio of NSSC is $688,412,974. NSI owes$81,573,376 to certain account classes under a Bermuda fund.

The Official Committee of Unsecured Creditors proposes to hireKurtzman Carson Consultants LLC as its communications agent;Houlihan Lokey Howard & Zukin Capital, Inc., as its financialadvisor and investment banker; and Zolfo Cooper, LLC, as itsforensic accountants and litigation support consultants.

New Stream completed a sale of its assets in June 2011, sellingits portfolio of life-insurance policies to an affiliate ofMcKinsey & Co. for $127.5 million.

The Chapter 11 Trustee said it needs an expert in the El MarAdversary to opine on the affect of the purported lease betweenthe Debtor and El Mar. The Trustee has consulted with PKFConsulting, and is advised and believes that his testimonyconcerning the affect of the Purported Lease on the value of theDebtor's Property will provide a material benefit to this estateby supporting the claims brought by the Trustee against El Mar inthe El Mar Adversary. As a result, the Trustee believes thatretention of PKF Consulting is in the best interest of the estateand its creditors.

Henry B. Staley, Jr. will be the individual at PKF Consulting toundertake the engagement.

PKF Consulting will be paid $295 per hour, with travel at $147.50per hour. PKF Consulting will also be reimbursed for reasonableout-of-pocket expenses incurred.

Mr. Staley, senior vice president of PKF Consulting, assured theCourt that the firm is a "disinterested person" as the term isdefined in Section 101(14) of the Bankruptcy Code and does notrepresent any interest adverse to the Debtors and their estates.

The Lauderdale Beachside Hotel features a beach-front location,two five-story interior corridor buildings (east and west), 147guest rooms, a beach front tiki bar and grill, a large adjoiningrestaurant and commercial kitchen space and on-site parking.The restaurant space and the tiki bar and grill are unoccupied.The occupancy rates have generally been between 40 percent and 70percent occupancy. Room rates are $40 to $80 per night.

The Company disclosed $15,762,871 in assets and $16,587,678 inliabilities as of the Chapter 11 filing.

The U.S. Trustee has not appointed an official committee ofunsecured creditors.

OGX PETROLEO: Brazilian PE Fund to Acquire Natural Gas Unit-----------------------------------------------------------Law360 reported that a Brazilian private equity fund and asubsidiary of Germany's largest utility provider, E.ON AG, on Oct.31 announced their plans to acquire a stake in a natural gasdevelopment unit of the bankrupt OGX Petroleo e Gas ParticipacoesSA through a multistep process.

According to the report, under the terms of the deal, CambuhyInvestimentos Ltda. will contribute 200 million reais ($91.4million) and E.ON unit DD Brazil Holdings SARL will put forward 50million reais to take over OGX Maranhao Petroleo e Gas SA.

About OGX Petroleo

Based in Rio de Janeiro, Brazil, OGX Petroleo e Gas ParticipaaoesS.A. is an independent exploration and production company withoperations in Latin America. OGX Petroleo, controlled by EikeBatista, on Oct. 30 filed for bankruptcy protection in a Rio deJaneiro court, as the firm seeks to try to restructure itsfinances rather than face an immediate liquidation.

ORMET CORP: Lines Up Extra $10-Mil. DIP Loan to Fund Wind Down--------------------------------------------------------------Law360 reported that aluminum smelter Ormet Corp. asked a Delawarebankruptcy judge on Oct. 30 to approve an additional $10 millionof debtor-in-possession financing designed to fund the company'swind down, which includes a $39.4 million sale of its Louisianarefinery.

An official committee of unsecured creditors was appointed in thecase in March 2013. The Committee is represented by Rafael X.Zahralddin, Esq., Shelley A. Kinsella, Esq., and Jonathan M.Stemerman, Esq., at Elliott Greenleaf; and Sharon Levine, Esq., S.Jason Teele, Esq., and Cassandra M. Porter, Esq., at LowensteinSandler LLP.

The Debtor did not file a list of its largest unsecured creditorswhen it filed the petition.

OWENS CORNING: Celebrates 75 Years in Business, Unveils Milestones------------------------------------------------------------------Owens Corning began when an experiment with glass building blocksproduced an unexpected result -- it revealed a way to make glassfibers in commercial quantities.

That discovery launched more than a new product. It set in motiona remarkable series of events that included the birth of aninnovative company that would develop new industries related tothe production of fiber glass materials.

The first, historic step occurred on Oct. 31, 1938, when Owens-Illinois and Corning Glass officially spun off and incorporatedOwens-Corning Fiberglas, based in Toledo, Ohio.

On Thursday, Oct. 31, 2013, Owens Corning celebrated its 75thanniversary. It is one of only a few hundred U.S.-based companiesthat have reached this milestone.

Owens Corning's world headquarters remains in Toledo, but itsoperations span the world. It is a global producer of residentialand commercial building materials, including insulation androofing shingles; glass-fiber reinforcements for products such ascars, boats, wind blades and smart phones; and engineeredmaterials for composite systems.

"Our 75th anniversary provides a great opportunity to celebratewhere we've been and who we are as a company, and get excitedabout our bright future," said Mike Thaman, chairman and CEO, whojoined with fellow employees at the closing bell ceremony of theNew York Stock Exchange earlier this week. "What makes ouremployees most proud is that our products improve people's lives.Homes and buildings are more energy efficient. Cars are lighterand conserve more fuel. Wind blades are longer and stronger. Ourcommitment to our customers is to enable them to deliver thosesolutions to worldwide markets."

Among the many milestones of which the company takes verypersonally is its global commitment to safety. Owens Corning'srecordable injury rate has declined every year for 11 years. Overthat span, the company has reduced the number of injuries frommore than 1,000 to less than 100 per year. The goal is to achievea zero-injury workplace across its nearly 100 worldwidefacilities.

Owens Corning's most recent safety milestone was being named bythe National Safety Council as the 2014 recipient for its GreenCross for Safety Medal for its "steadfast commitment to improvingsafety and health in the workplace and beyond."

"Our safety performance is an important example of how OwensCorning sets a goal and then works tirelessly to achieve it,"Mr. Thaman said. "We must get our employees home in the same safeand healthy condition in which they arrive at work. Our abilityto do that exemplifies how we execute as a company on all levels.We are honored to join a prestigious list of organizations to behonored by the National Safety Council."

Other recent milestones include the company earning placement forthe fourth year in a row in the Dow Jones Sustainability WorldIndex (DJSI World). This year, Owens Corning was named theIndustry Leader for the DJSI World Building Products component.

"Meeting the needs of the present without compromising the worldthat we leave to the future is this company's unwaveringcommitment," Mr. Thaman said. "Our people continue to prove thatour customers, our communities, our employees and our investorscan see significant benefits from that strategy. It will lead usboldly into our next 75 years."

Here is a brief list of milestones in Owens Corning's first 75years. More information can be found at http://www.oc-75.com

Milestones in Owens Corning's 75 Years Key milestones in OwensCorning's history include:

Oct. 31, 1938 Incorporates as Owens-Corning FiberglasCorp. in the state of Delaware with Harold Boeschenstein aspresident and offices in Toledo, Ohio

1939 With basic materials in short supply, OwensCorning develops a lightweight, nonflammable insulation with afinished wall surface, called Navy Board, its main productthroughout World War II

1944 First boat hull is made from fiberglass-reinforced plastic; this marine application become one of thelargest applications for fiberglass reinforcements

1945 Company works with an automaker to producethe first fiberglass-reinforced plastic car body (General Motorslaunches Chevrolet Corvette with a fiberglass-reinforcedbody eight years later)

1954 Owens Corning scientists equip a productionline with the first rotary fiberizer to make centrifugally spunfiberglass wool - still the standard process

1955 Owens Corning is listed on the inauguralFORTUNE 500 list

1957 "Comfort Conditioned Home" program islaunched, the biggest marketing program to date to promoteresidential insulation

1973 Energy costs skyrocket due to oil crisis andchanges to way people viewed energy use; insulation use starts toclimb dramatically Owens Corning wins contract, which grew to $100million in sales, to make and install insulation on the Trans-Alaska pipeline

1977 Owens Corning acquires a shingle and asphaltcompany and immediately starts to convert its plants to makefiberglass reinforced shingles, the industry norm today

1980 Owens Corning begins using United Artists'cartoon character The Pink Panther(TM) to help sell PINKfiberglass insulation; the company becomes the first to trademarka color, PINK, in 1987

2013 Owens Corning is named the 2014 recipientfor the Green Cross for Safety medal by the National SafetyCouncil

About Owens Corning

Headquartered in Toledo, Ohio, Owens Corning fka Owens Corning(Reorganized) Inc. (NYSE: OC) -- http://www.owenscorning.com/-- is a producer of residential and commercial building materials andglass fiber reinforcements, and other similar materials forcomposite systems. The company has operations in 26 countries.

On September 28, 2006, the Honorable John P. Fullam, Sr., of theU.S. District Court for the Eastern District of Pennsylvaniaaffirmed the order of Honorable Judith Fitzgerald of the U.S.Bankruptcy Court for the District of Delaware confirming OwensCorning's Sixth Amended Plan of Reorganization. The Plan tookeffect on October 31, 2006, marking the company's emergence fromChapter 11.

Reorganized Owens sought on July 25, 2008, from the DelawareBankruptcy Court a final decree closing the Chapter 11 cases of 17of its affiliates. Only the Chapter 11 case of Owens CorningSales, LLC, formerly known as Owens Corning, under Case No.00-03837 will remain open.

PANTHER MOUNTAIN: Land Developer Blames Arkansas Bank for Ch. 11----------------------------------------------------------------Law360 reported that Panther Mountain Land Development LLC filed acomplaint in Arkansas federal bankruptcy court on Oct. 31, seeking$2 million in damages from the National Bank of Arkansas forallegedly forcing Panther Mountain into bankruptcy and thenabusing the judicial system with excessive litigation duringbankruptcy proceedings.

According to the report, in a complaint filed with the EasternDistrict of Arkansas, PMLD and owners Barry and Dana Kellermancharged the National Bank of Arkansas with abuse of process andinterference with business relations and expectancy.

PGA FLYOVER: Plan Modified to Incorporate Amended BBX Settlement----------------------------------------------------------------PGA Flyover Corporate Park, LLC, filed with the U.S. BankruptcyCourt for the Southern District of Florida on Oct. 22, 2013, anemergency motion to amend the confirmation order to consider andapprove the original June 7, 2013 Settlement Agreement with theDebtor's largest creditor, BBX Capital Asset Management, LLC, asrecently amended by the Amendment and to modify the plan toincorporate the terms of the Settlement, as amended by theAmendment.

According to the Debtor, on July 25, 2013, the Court conducted ahearing to consider confirmation of the Plan and confirmed thePlan. However, due a dispute between the Debtor and BBX, theactual order memorializing the Court's ruling at the ConfirmationHearing has not been entered.

The Debtor explains, "During this gap period, a dispute arosebetween the Debtor and BBX as a result of [Daniel S.} Catalfumo'sfailure to make the $25 million payment and to fully collateralizethe $5 Million Obligation by Aug. 20, 2013, as required under theOriginal June 7, 2013 Settlement Agreement, and certain allegedactions on the part of BBX that the Debtor and Catalfumo assertimpaired or impeded timely performance. In connection with thatdispute, the Debtor filed a motion to extend the Aug. 20, 2013deadline for the payment of the $25 million of the settlement cashproceeds under the Original Settlement Agreement [ECF No. 144] andBBX filed a motion to enforce the Settlement Agreement and forentry of an Order dismissing the Debtor's bankruptcy case withprejudice [ECF No. 155].

"An integral part of the Amendment is to provide various paymentsand transfers to BBX in accordance with the specific deadlines inthe Amendment.

"The Plan, as modified to incorporate the terms of the SettlementAgreement, as amended by the Amendment, retains the same overallstructure and goal of the Plan. The Modifications only affectBBX, the Debtor, the Debtor's principal and plan sponsor, Mr.Catalfumo, and various related parties of Mr. Catalfumo. TheModifications do not adversely affect any other parties, andtreatment of creditors other than BBX remains the same."

The Debtor submits that the Modifications are neither material noradverse with regard to the proposed treatment of the Debtor'screditors under the Plan.

Thus, the Debtor requests that the Court make a determinationunder 11 U.S.C. Section 1127(c) and (d) that: i) the Debtor, asthe proponent of the Modified Plan, complied with 11 U.S.C.Section 1125; and ii) all creditors that submitted ballotsaccepting the Plan are deemed to have accepted the Modified Planthat incorporates the terms of the June 7, 2013 SettlementAgreement, as amended by the Amendment.

The PGA Professional and Design Center is located on the Southeastquadrant of PGA Boulevard and RCA Boulevard in Palm Beach Gardens,an attractive location with strong development potential.

Under the Plan, holders of general unsecured claims are impairedand will recover 50% or 100% of their allowed claims. BBX'ssecured claim is impaired. PGA will cause its properties to betransferred to BBX as payment for the remaining amount of thesecured claim. Interests will be extinguished and will notreceive any distribution under the Plan.

SONY CORP: Struggles to Stay in the Game----------------------------------------Juro Osawa, writing for The Wall Street Journal, reported that injust three months, Sony Corp. went from a company on the mend toone whose recovery is now in serious doubt.

According to the report, Hidekazu Miyahara, an analyst at MarusanSecurities, recalls the celebratory mood at Sony's earningsbriefing in Tokyo in late July. The Japanese electronics gianthad just reported a net profit for the three months ended June 30and analysts saw signs of a recovery in Sony's core electronicsoperations following restructuring that involved 10,000 layoffs.During the question-and-answer session, another analyst told theexecutives how excited he was to see the television businessfinally turn profitable.

On Oct. 31, Mr. Miyahara was shocked to see Sony issue a profitwarning while reporting a loss for the three months endedSept. 30, the report related.

"The outlook is particularly disappointing because Sony hasalready done a lot of cost cuts," said Mr. Miyahara, the reportcited. "There may be little room left for more drastic cuts infixed costs," he said, noting that he is reviewing his "Buy"rating on the stock.

Investors sent the Japanese electronics maker's shares tumbling inTokyo trade on Nov. 1 after the company slashed its profit outlookby 40% on Oct. 31, the report related. The stock fell 11% toclose at JPY1,668, wiping more than $2 billion off Sony's marketvalue.

Based in Tokyo, Japan, Sony Corporation is engaged in thedevelopment, design, manufacture, and sale of various kinds ofelectronic equipment, instruments, and devices for consumer,professional and industrial markets as well as game hardware andsoftware. Sony's primary manufacturing facilities are located inAsia including Japan. Sony also utilizes third-party contractmanufacturers for certain products. Sony's products are marketedthroughout the world by sales subsidiaries and unaffiliateddistributors as well as direct sales via the Internet. Sony isengaged in the development, production and acquisition,manufacture, marketing, distribution and broadcasting of image-based software, including motion picture, home entertainment andtelevision product. Sony is also engaged in the development,production, manufacture, and distribution of recorded music.Further, Sony is also engaged in various financial servicesbusinesses, including life and non-life insurance operationsthrough its Japanese insurance subsidiaries and banking operationsthrough a Japanese Internet-based banking subsidiary. In additionto the above, Sony is engaged in a network services business andan advertising agency business in Japan.

STOCKTON RDA: S&P Raises Rating on 2004 Revenue Bonds to 'CC'-------------------------------------------------------------Standard & Poor's Ratings Services raised its underlying rating(SPUR) to 'CC' from 'C' on Stockton Redevelopment Agency (RDA),Calif.'s series 2004 revenue bonds (arena project). Standard &Poor's also raised its long term ratings and SPURs to 'CCC' from'C' on Stockton Public Financing Authority's series 2003A and Bcertificates of participation (COPs) and its SPUR to 'CCC' from'C' on the authority's series 2006A lease revenue refunding bonds.All series are appropriation obligations of Stockton. The outlookon the series 2004 revenue bonds (arena project) is negative andthe outlook on the series 2003A and B COPs and 2006A lease revenuerefunding bonds is stable.

The 'CC' rating on the series 2004 (arena project) reflects S&P'sview that default on this issue is a virtual certainty during thelife of the obligations. The city has shown an unwillingness tosupport these obligations. Although the city has made full andtimely payments on these obligations to date, under its recentlyfiled proposed plan of adjustment - a necessary step for the cityto exit protection from creditors under Chapter 9 of the U.S.Bankruptcy Code - the city would not make full payments on theobligations. The bonds' insurer, National Public Finance GuarantyCorp., would make up the balance. The change would take effect inthe next 12 months, if approved by the bankruptcy court. S&Punderstands that the proposed restructuring is subject tomodification in the coming months as part of an evaluation andcomment process and is predicated on city voters' approval of asales tax increase in an election scheduled for Nov. 5, 2013. Thecity plans to use restricted tax increment revenues to supportdebt service on these obligations during fiscal 2014 pending theadoption of a final plan of adjustment.

The 'CCC' rating on the series 2003A and B COPs and 2006A leaserevenue refunding bonds reflects S&P's view that timely and fullpayments on these obligations are vulnerable due in part to anunwillingness to support other general fund obligations and thatpayments are dependent upon favorable business, financial, andeconomic conditions. At the same time, S&P believes that thecity's proposed plan of adjustment and the presence of debtservice reserves or surety policies create the conditions for thecity to continue to meet its obligations on these series duringthe next 12 months. The city plans to use restricted taxincrement revenues to support debt service on the series 2003A andB COPs and general city revenues to support series 2006A paymentsduring fiscal 2014 pending the adoption of a final plan ofadjustment.

S&P believes that there are two additional risks to the city'sfull and timely payments on its obligations. First, S&Punderstands that the trustee deducted funds from the respectivereserve funds associated the series 2003A and B and 2004obligations to fund legal expenses and that these could continue.(S&P understands that the provider of the surety associated withthe series 2006A reimbursed the trustee directly.) Second,available tax increment revenues have been on a long-termdeclining trend and a further contraction in the tax base couldreduce such revenues, although fiscal 2014 assessed valuesassociated with tax increment revenues rose slightly over theprior year.

The negative outlook on the series 2004 reflects S&P's view thatthe proposed plan of adjustment creates the conditions for thecity to fail to make full and timely payments on these obligationsduring its one-year outlook horizon, in which case it would likelylower the rating to 'D'.

The stable outlook on the series 2003A and B and 2006A obligationsreflects S&P's view that the city is likely to continue to makefull and timely payments on these obligations during the comingyear because of the availability of tax increment revenues, thepresence of debt service reserve balances and/or surety policies,and the city's inclusion of full and timely payments on theseobligations in its proposed plan of adjustment. S&P could raiseits rating if it believes that a final plan of adjustment andother conditions are likely to support full and timely paymentsduring the lives of the obligations. Conversely, should the citypropose a revised plan of adjustment that would reduce or delaythe city's payments or if deteriorating revenues reduce the city'sability to meet its obligations, S&P could lower the ratings.

STRIKE MINERALS: In Talks with Investor Over Debt Financing-----------------------------------------------------------Strike Minerals Inc. is providing this bi-weekly Default StatusReport in accordance with National Policy 12-203 -Cease TradeOrders for Continuous Disclosure Defaults. On September 19, 2013the Company disclosed the default notice that, for the reasonsdisclosed in the Default Notice, there would be a delay in thefiling of its annual financial statements, accompanyingManagement's Discussion and Analysis and related CEO and CFOcertifications of annual filings for the financial year endedApril 30, 2013.

As a result of this delay in filing the Required Filings, amanagement cease trade order ("MCTO") was granted to theCorporation. The MCTO restricts all trading in securities of theCorporation, whether direct or indirect, by the Chief ExecutiveOfficer, the Chief Financial Officer and the directors of theCorporation until such time as the Required Filings have beenfiled by the Corporation. The MCTO does not affect the ability ofall other shareholders who are not insiders of the Corporation totrade their securities.

The Company is proceeding to seek financing that will enable it toprepare and complete all necessary material to make the requiredfilings.

The Company also confirms that since the issuance of the MCTO,there has not been any material change concerning the affairs ofthe Company that has not been disclosed as of the date of thisnews release.

The Company continues to have discussions with a number of Partiesthat have expressed interest in undertaking either an investmentin Strike or joint venture participation in its Edwards Mine goldproject. While the Company is actively pursuing financingopportunities, there is no certainty that a financing will occur.Currently, the Company is in close discussions with a privateinvestor looking to debt finance $8.5 million to $9.5 million.The Company hopes that it should be concluded within the next fourweeks but preliminary discussions have been ongoing for severalmonths.

About Strike

Headquartered in Toronto, Ontario, Strike Minerals is a TSX-Vlisted company that is engaged in the exploration and developmentof precious metal properties in Canada. Its primary property isthe former producing Edwards Gold Mine property in the Goudreau -Lochalsh Gold Camp near Wawa, Ontario.

The Debtor did not file a list of its largest unsecured creditorswhen it filed the petition.

SUNTECH POWER: Intends to Challenge U.S. Involuntary Bankruptcy---------------------------------------------------------------Suntech Power Holdings Co., Ltd., one of the world's largest solarcompanies, on Oct. 31 disclosed that it intends to challenge thepetition for involuntary bankruptcy filed against it under Chapter7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in theSouthern District of New York. The Company has until November 6,2013 to respond.

The petition was brought by a group of four asserted bondholdersholding in aggregate approximately $1.6 million of the Company's3% Convertible Senior Notes Due 2013, representing less than 0.3%of the total aggregate principal amount of approximately $541million of Notes outstanding. On September 20, 2013, a judgmenthad been entered in favor of certain of such petitioningbondholders with respect to repayment of their Notes. Suntech iscurrently appealing such judgment.

Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that Suntech's main unit waspulled into bankruptcy proceedings in China after the panel makermissed a bond payment in March. It was the world's biggest solarmanufacturer by 2011 shipments.

Suntech defaulted on $541 million in bonds, according to theChapter 7 filing.

Bondholders claim that that Suntech has failed to satisfyjudgments of more than $560,000 they won in September.

Wall Street investors funneled $1.28 billion into Suntech,including the bonds and $742.6 million of stock sales in 2005and 2009, according to the filing.

The company had $2.26 billion in debt at the end of the firstquarter, the last time it reported earnings.

About Suntech

Wuxi, China-based Suntech Power Holdings Co., Ltd. (NYSE: STP)produces solar products for residential, commercial, industrial,and utility applications. With regional headquarters in China,Switzerland, and the United States, and gigawatt-scalemanufacturing worldwide, Suntech has delivered more than25,000,000 photovoltaic panels to over a thousand customers inmore than 80 countries.

Suntech Power Holdings Co., Ltd., received from the trustee of its3 percent Convertible Notes a notice of default and accelerationrelating to Suntech's non-payment of the principal amount ofUS$541 million that was due to holders of the Notes on March 15,2013. That event of default has also triggered cross-defaultsunder Suntech's other outstanding debt, including its loans fromInternational Finance Corporation and Chinese domestic lenders.

Suntech Power had involuntary Chapter 7 bankruptcy proceedingsinitiated against it on Oct. 14, 2013 in U.S. Bankruptcy Court inWhite Plains, New York (Bankr. S.D.N.Y. Case No. 13-bk-13350), byholders of more than $1.5 million of defaulted securities under a2008 $575 million indenture.

SUNTECH POWER: To Sell Main China Assets for $492MM to Rival------------------------------------------------------------Wayne Ma, writing for The Wall Street Journal, reported thatSuntech Power Holdings Co. agreed to sell its core assets in Chinafor three billion yuan ($492 million) to a smaller rival,attempting to pay back creditors after defaulting on billions ofdollars in debt.

According to the report, Shunfeng Photovoltaic International Ltd.said on Nov. 3 Sunday that it won a bid to acquire the mainChinese unit of Suntech, once the world's largest solar-panelsupplier. As part of the deal, Shunfeng said it would absorb WuxiSuntech losses of up to 20 million yuan a month between March 20and Oct. 31. It also would provide funds for upgrading WuxiSuntech's facilities within two years.

The unit, Wuxi Suntech Power Co., owns intellectual property, morethan two gigawatts of solar-panel manufacturing capacity and aresearch-and-development operation, according to people familiarwith the company, the report related.

Suntech, which has struggled amid a global overcapacity of solarpanels and falling prices, defaulted on $541 million in U.S.convertible bonds in March, the report added. That triggereddefaults on its Chinese debt and put Wuxi Suntech into bankruptcyproceedings in China. Including the bonds, Suntech holds more than$2.3 billion in mostly Chinese debt.

Shunfeng said that it paid a 500 million yuan deposit to acquireWuxi Suntech, the report further related. The deal is subject tothe approval of Shunfeng's shareholders and the local courtsupervising Wuxi Suntech's restructuring. Shunfeng said it wouldpay the balance of the purchase price within a month of gettingapproval for the deal.

About Suntech

Wuxi, China-based Suntech Power Holdings Co., Ltd. (NYSE: STP)produces solar products for residential, commercial, industrial,and utility applications. With regional headquarters in China,Switzerland, and the United States, and gigawatt-scalemanufacturing worldwide, Suntech has delivered more than25,000,000 photovoltaic panels to over a thousand customers inmore than 80 countries.

Suntech Power Holdings Co., Ltd., received from the trustee of its3 percent Convertible Notes a notice of default and accelerationrelating to Suntech's non-payment of the principal amount ofUS$541 million that was due to holders of the Notes on March 15,2013. That event of default has also triggered cross-defaultsunder Suntech's other outstanding debt, including its loans fromInternational Finance Corporation and Chinese domestic lenders.

Suntech Power had involuntary Chapter 7 bankruptcy proceedingsinitiated against it on Oct. 14, 2013 in U.S. Bankruptcy Court inWhite Plains, New York (Bankr. S.D.N.Y. Case No. 13-bk-13350), byholders of more than $1.5 million of defaulted securities under a2008 $575 million indenture.

TOPAZ CAPITAL: Returns to Bankruptcy a Year After Dismissal-----------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that Topaz Capital &Investment Inc., which owns property planned for residentialdevelopment, sought bankruptcy protection from creditors for thesecond time, less than a year and a half after its first case wasdismissed.

According to the report, the company listed debt of about $17.3million and assets of $5 million in Chapter 11 documents filedOct. 28 in U.S. Bankruptcy Court in San Diego, where it is based.

Topaz's only asset is 28.55 acres in Victorville, California,which it values at $5 million, according to court papers.

The company sought Chapter 11 bankruptcy in March 2010 and had thecase dismissed at its request more than two years later, accordingto court document. The company said it resolved a disputedcreditor claim that had prompted Topaz to make the bankruptcyfiling to prevent a foreclosure sale of the property.

The U.S. Trustee, a branch of the justice department that monitorsbankruptcy cases, asked for the first bankruptcy to be dismissedabout seven month after the filing, saying little progress hadbeen made in the case and the company didn't show a reasonablelikelihood of rehabilitation.

Topaz said in court documents filed in the first case that it waspursuing a Housing and Urban Development loan to commenceconstruction of residential project, with 236 units planned forthe first phase and a total of 428 "market rate multifamilyapartments" which would possibly include affordable housing.

The company owes most of its debt to Integrated FinancialAssociates Inc., which has a claim of about $16 million secured bythe property.

The new case is In re Topaz Capital & Investment Inc., 13-bk-10467, U.S. Bankruptcy Court, Southern District of California (SanDiego). The first case was In re Topaz Capital & Investment Inc.,10-bk-04983, U.S. Bankruptcy Court, Southern District ofCalifornia (San Diego).

TOYS R US: 2016 Bank Debt Trades at 6% Off------------------------------------------Participations in a syndicated loan under which Toys R Us is aborrower traded in the secondary market at 93.38 cents-on-the-dollar during the week ended Friday, November 1, 2013, accordingto data compiled by LSTA/Thomson Reuters MTM Pricing and reportedin The Wall Street Journal. This represents a decrease of 0.83percentage points from the previous week, The Journal relates.Toys R Us pays 450 basis points above LIBOR to borrow under thefacility. The bank loan matures on Aug. 17, 2016. The bank debtcarries Moody's B3 rating and Standard & Poor's B+ rating. Theloan is one of the biggest gainers and losers among 212 widelyquoted syndicated loans with five or more bids in secondarytrading for the week ended Friday.

TOYS R US: 2019 Bank Debt Trades at 2% Off------------------------------------------Participations in a syndicated loan under which Toys R Us is aborrower traded in the secondary market at 97.60 cents-on-the-dollar during the week ended Friday, November 1, 2013, accordingto data compiled by LSTA/Thomson Reuters MTM Pricing and reportedin The Wall Street Journal. This represents an increase of 0.35percentage points from the previous week, The Journal relates.Toys R Us pays 500 basis points above LIBOR to borrow under thefacility. The bank loan matures on July 25, 2019. The bank debtcarries Moody's B3 rating and Standard & Poor's B+ rating. Theloan is one of the biggest gainers and losers among 212 widelyquoted syndicated loans with five or more bids in secondarytrading for the week ended Friday.

TUBE CITY: S&P Cuts CCR to 'B+' & Removes Rating From CreditWatch-----------------------------------------------------------------Standard & Poor's Ratings Services said it lowered its corporatecredit rating on Tube City to 'B+' from 'BB-' and assigned astable outlook following the announcement by The PritzkerOrganization that it has completed the acquisition of TMSInternational. At the same time, S&P removed all ratings on TubeCity from CreditWatch, where it had placed them with developingimplications on Aug. 29, 2013. S&P subsequently withdrew itscorporate credit rating on Tube City and all of its issue-levelratings on its debt, which has been repaid.

"We lowered the ratings on Tube City and removed them fromCreditWatch to reflect our view that its credit quality is nowaligned with that of its parent, TMS International, following theclosing of the acquisition by The Pritzker Organization.Immediately thereafter, we withdrew the ratings because thecompany's debt has been repaid," said Standard & Poor's creditanalyst Chiza Vitta.

URANIUM RESOURCES: Reports $3.95-Mil. Loss in 3Q Ended Sept. 30---------------------------------------------------------------Uranium Resources Inc. filed with the U.S. Securities and ExchangeCommission its quarterly report on Form 10-Q, reporting a net lossof $3,949,264 on $nil of revenues for the three months ended Sept.30, 2013, compared to a net loss of $4,220,914 on $nil ofrevenues for the same period last year.

The Company's balance sheet at Sept. 30, 2013, showed $49,802,689in total assets, $7,319,703 in total liabilities, andstockholders' equity of $42,482,986.

The Company's condensed consolidated interim financial statementshave been prepared assuming that the Company will continue as agoing concern; however, should the Company be unsuccessful inclosing the financing transaction with Resource Capital Fund VL.P., it would raise substantial doubt about the Company's abilityto do so.

Uranium Resources Inc. -- http://www.uraniumresources.com-- explores for, develops and mines uranium. Since its incorporationin 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas. URI has over206,600 acres of uranium mineral holdings and 152.9 million poundsof in-place mineralized uranium material in New Mexico and an NRClicense to produce up to 1 million pounds of uranium per year.URI has an additional 1.3 million pounds of in-place mineralizeduranium material in Texas and South Dakota. The Company acquiredthese properties over the past 20 years along with an extensiveinformation database of historic drill hole logs, assaycertificates, maps and technical reports.

WALTER ENERGY: Bank Debt Trades at 2% Off-----------------------------------------Participations in a syndicated loan under which Walter Energy Inc.is a borrower traded in the secondary market at 97.84 cents-on-the-dollar during the week ended Friday, November 1, 2013,according to data compiled by LSTA/Thomson Reuters MTM Pricing andreported in The Wall Street Journal. This represents an increaseof 1.04 percentage points from the previous week, The Journalrelates. Walter Energy Inc. pays 575 basis points above LIBOR toborrow under the facility. The bank loan matures on March 14,2018, and carries Moody's B3 rating and Standard & Poor's Brating. The loan is one of the biggest gainers and losers among205 widely quoted syndicated loans with five or more bids insecondary trading for the week ended Friday.

As reported in the Troubled Company Reporter on Sept. 23, 2013,Standard & Poor's Ratings Services said that it assigned its 'B'issue-level rating to Walter Energy Inc.'s proposed $350 millionsenior secured notes due 2019. The issue level rating, which isone notch above the corporate credit rating, and the '2' recoveryrating indicate S&P's expectation for a substantial (70% to 90%)recovery in the event of a payment default. The corporate creditrating remains 'B-' and the outlook is negative.

"The outlook revision reflects our view of the hospital'svulnerability to unanticipated operating pressures that includethe reversal of a previously approved $2 million Medicare low-volume adjustment," said Standard & Poor's credit analyst AvantiPaul. "The hospital thus violated its 1.25x debt service coveragerequirement and, per its bond terms, engaged a consultant and hasbegun to implement margin improvement activities. In our view,the hospital has adequate unrestricted reserves at the currentrating to provide some flexibility while it works to stabilize andincrease its medical staff as well as stem volume declines andoutmigration. Nevertheless, we believe that the hospital issusceptible to any potential reimbursement changes resulting fromthe health care reform bill, a high concentration of governmentalpayors, and the inherent risks of a narrow revenue base," addedMs. Paul.

West Branch Regional Medical Center is the operating name of JohnTolfree Health System, a municipal health facilities corporation.Gross receipts and a mortgage on the facilities secure the bonds.Other entities of the system include an outpatient diagnosticfacility, a hospice, and a foundation.

YSC INC: Court Okays Hiring of Wells and Jarvis as Attorney-----------------------------------------------------------YSC, Inc. sought and obtained authorization from the U.S.Bankruptcy Court for the Western District of Washington in Seattleto employ Wells and Jarvis, P.S. as attorneys.

The Debtor requires Wells and Jarvis to:

(a) prepare schedules, records and reports as required by the Bankruptcy Rules, Interim Bankruptcy Rules and the Local Bankruptcy Rules;

(b) prepare applications and proposed orders to be submitted to the court;

(c) identify and prosecute claims and causes of action assertable by Applicant on behalf of the estate herein;

(d) assist and advise the Debtor-In-Possession in performing their other official functions; and

(e) protect and preserve the assets of the estate for the Debtor-In-Possession from the claims of secured creditors.

Wells and Jarvis will be paid at these hourly rates:

Jeffrey B. Wells $360 Emily A. Jarvis $310 Paralegal $100

The Debtor paid a retainer to Wells and Jarvis in the amount of$2,000 initially to explore options for reorganization prior tofiling. Subsequently, $10,000 was paid plus a $1,213 filing feeprior to filing the Chapter 11 proceeding.

Wells and Jarvis will also be reimbursed for reasonable out-of-pocket expenses incurred.

Jeffrey B. Wells, partner of Wells and Jarvis, assured the Courtthat the firm is a "disinterested person" as the term is definedin Section 101(14) of the Bankruptcy Code and does not representany interest adverse to the Debtors and their estates.

* Canadian Companies Lead Foreign Chapter 15 Bankruptcy Filings---------------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that 33 foreign companieshave sought to protect their assets in the U.S. with Chapter 15bankruptcy filings so far this year. Canadian companies haveaccounted for 39 percent of the total.

According to the report, Chapter 15 of the U.S. Bankruptcy Code isused by foreign companies to shield U.S. assets from creditors'claims and protect them from lawsuits, if it can persuade a U.S.bankruptcy judge to recognize its insolvency proceedings abroad asthe foreign main proceeding.

If OGX Petroleo & Gas Participacoes SA, which filed for bankruptcyOct. 30 in Brazil in the largest corporate debt debacle on recordin Latin America, seeks Chapter 15 bankruptcy protection, it willbe the second Brazilian company to do so this year. Banco Pontualfiled for Chapter 15 on Oct. 22.

Twelve foreign companies filed their Chapter 15 bankruptcypetitions in New York's Southern District Bankruptcy Court thisyear, making it the busiest venue for such cases. Seven companieshave filed for Chapter 15 protection in Delaware's BankruptcyCourt during that period.

* Next Corporate Default Cycle to Have More Losses, Moody's Says----------------------------------------------------------------Michael Bathon, substituting for Bill Rochelle, the bankruptcycolumnist for Bloomberg News, reports that the next corporatedefault cycle could result in higher investor losses than the onejust experienced in the U.S. and is expected to have a lowerdefault rate over a longer period, Moody's Investors Services saidin an Oct. 30 statement.

"Assuming the next default cycle is driven by a more traditionaleconomic downturn that does not prompt U.S. Federal Reserveintervention, it is likely to resemble those of 1990-92 and 1999-2004," Moody's Senior Vice President David Keisman says in areport titled "Next Default Cycle May Feature Lower Default Rate,but Higher Investor Losses" according to the statement.

"If so, the default rate will be lower and the duration longer,but average firm-wide recoveries could also be lower", Mr. Keismansays in the report.

The previous default cycle in 2009 and 2010 was softened by amultitude of distressed debt exchanges and so-called prepackagedbankruptcies, where restructuring terms were already worked outwith creditors who pledged their support for the reorganizationsbefore the companies sought bankruptcy protection.

"The next default cycle could include a higher proportion ofcourt-supervised Chapter 11 filings, which tend to have weakerrecoveries," Mr. Keisman says.

The report authors question whether the recent distressed debtexchanges provided enough capital or merely bought the companiessome time before a default or bankruptcy.

About 100 companies executed distressed exchanges during 2009 and2010 and so far 14 have defaulted again, with most resulting inbankruptcies.

There is no clear sign yet of when the next default cycle mayoccur, Moody's says. While there has been deterioration inspeculative-grade credit quality it hasn't reached levels thatwould see the default rate surge in the next year.

The New York-based credit grader expects a 2.7 percent defaultrate among U.S. speculative-grade issuers at the end of this year.The riskiest corporate borrowers have been buoyed by the FederalReserve's unprecedented monetary stimulus, which has pushed bondyields to the lowest ever.

Even as the default rate holds below a two-decade average of 4.5percent, credit quality has started to decline, leading to anincrease of downgrades to the B2 and B3 categories, five and sixlevels below investment grade. Companies have increased theirratios of debt to earnings, lowered interest coverage and issuedmore covenant-light securities that have fewer investorprotections.

Yields on bonds issued by the riskiest U.S. companies fell to arecord low of 5.98 percent in May, according to the Bank ofAmerica Merrill Lynch U.S. High Yield index. Borrowing costs havesince risen to 6.44 percent, below the average of 9.05 percentduring the past 10 years.

* Federal Home Loan Banks Drop Objection to BofA Settlement-----------------------------------------------------------Edvard Pettersson, writing for Bloomberg News, reported that threefederal home loan banks dropped their opposition to Bank ofAmerica Corp.'s $8.5 billion settlement in a New York state courtlawsuit over Countrywide residential mortgage backed securities.

According to the report, lawyers for the Federal Home Loan Banksof Boston, Chicago and Indianapolis on Oct. 31 told New YorkSupreme Court Judge Barbara Kapnick they are withdrawing from thecase.

Also on Oct. 31, lawyers for Cranberry Park LLC and Cranberry ParkLLC II, funds which in August said they owned Countrywidesecurities with an original principal value of more than$1 billion, asked the judge for permission to withdraw theirprevious objection to the settlement.

The settlement between Bank of New York Mellon Corp., as trusteefor the securities, and Bank of America's Countrywide, resolvesclaims the mortgage lender breached its contractual obligation torepurchase delinquent mortgages that were pooled for thesecurities, the report related.

Lawrence Grayson, a spokesman for Charlotte, North Carolina-basedBank of America, declined to comment on the filings, the reportsaid.

The case is In the matter of the application of the Bank of NewYork Mellon, 651786-2011, New York State Supreme Court, New YorkCounty (Manhattan).

According to the report, in an interview, David Meister, whostepped down as the CFTC's enforcement chief, said the agency is"absolutely undersized" for the sprawling futures and optionsmarkets it must police.

"We will do everything we can . . . but we have limited staff andlimited resources," Mr. Meister said, the report cited."Ultimately, it comes down to the math."

The 50-year-old former prosecutor's warning came on Oct. 30, hislast day at the CFTC after a near-three-year enforcement stint,the report related. Since he joined the CFTC in January 2011, theonce-obscure agency has reinvented itself to become an apparentforce to be reckoned with.

During Mr. Meister's watch, the CFTC nearly doubled itsenforcement actions and tripled its sanctions, compared with theprevious three-year period, the report further related. This yearalone, it has filed a number of high-profile cases, includingcivil actions against Jon S. Corzine, former chief executive of MFGlobal Holdings Ltd., and CME Group Inc., CME +0.11% the world'slargest futures-exchange operator. Both deny wrongdoing and arefighting the cases.

* CoreLogic Reports 51,000 Completed Foreclosures in September--------------------------------------------------------------CoreLogic(R), a residential property information, analytics andservices provider, today released its September NationalForeclosure Report which provides data on completed U.S.foreclosures and the national foreclosure inventory. According toCoreLogic, there were 51,000 completed foreclosures in the U.S. inSeptember 2013, down from 84,000 in September 2012, a year-over-year decrease of 39 percent. On a month-over-month basis,completed foreclosures were virtually unchanged, decreasing ascant 0.7 percent, from 51,000* reported in August.

As a basis of comparison, prior to the decline in the housingmarket in 2007, completed foreclosures averaged 21,000 per monthnationwide between 2000 and 2006. Completed foreclosures are anindication of the total number of homes actually lost toforeclosure. Since the financial crisis began in September 2008,there have been approximately 4.6 million completed foreclosuresacross the country.

As of September 2013, approximately 902,000 homes in the U.S. werein some stage of foreclosure, known as the foreclosure inventory,compared to 1.4 million in September 2012, a year-over-yeardecrease of 33 percent. Month over month, the foreclosureinventory was down 3.3 percent from August 2013 to September 2013.The foreclosure inventory as of September 2013 represented 2.3percent of all homes with a mortgage compared to 3.2 percent inSeptember 2012.

"The foreclosure inventory continues to decline, now standing atan early 2009 level," said Mark Fleming, chief economist forCoreLogic. "Just over 900,000 properties remain in the inventory,two thirds of them in judicial states where the foreclosureprocess is typically slower. Consequently, the pace of overallimprovement in the inventory will slow down and distressed assetswill cast a long shadow over housing markets in states withjudicial foreclosure."

"The number of seriously delinquent mortgages continues to dropacross the country at a rapid rate with every state showing year-over-year declines in foreclosure inventory," saidAnand Nallathambi, president and CEO of CoreLogic. "We're not outof the woods yet, but these are encouraging signs for a return toa healthier housing market in the U.S."

Highlights as of September 2013:

-- The five states with the highest number of completedforeclosures for the 12 months ending in September 2013 were:Florida (115,000), California (52,000), Texas (43,000), Michigan(40,000) and Georgia (39,000). These five states accounted foralmost half of all completed foreclosures nationally.

-- The five states with the lowest number of completedforeclosures for the 12 months ending in September 2013 were:District of Columbia (52), North Dakota (454), Hawaii (490), WestVirginia (521) and Wyoming (719).

-- The five states with the highest foreclosure inventory as apercentage of all mortgaged homes were: Florida (7.4 percent), NewJersey (6.5 percent), New York (4.8 percent), Maine (4.0 percent)and Connecticut (3.7 percent).

-- The five states with the lowest foreclosure inventory as apercentage of all mortgaged homes were: Wyoming (0.4 percent),Alaska (0.6 percent), North Dakota (0.7 percent), Nebraska (0.7percent) and Colorado (0.7 percent).

*August data was revised. Revisions are standard, and to ensureaccuracy, CoreLogic incorporates newly released data to provideupdated results.

Table 3: Foreclosure Data for the Largest Core Based StatisticalAreas (CBSAs) (Ranked by Completed Foreclosures)

Figure 1: Number of Mortgaged Homes per Completed Foreclosure

Figure 2: Foreclosure Inventory as of September 2013

Figure 3 (is a map): Foreclosure Inventory by State Map

Methodology

The data in this report represents foreclosure activity reportedthrough September 2013.

This report separates state data into judicial vs. non-judicialforeclosure state categories. In judicial foreclosure states,lenders must provide evidence to the courts of delinquency inorder to move a borrower into foreclosure. In non-judicialforeclosure states, lenders can issue notices of default directlyto the borrower without court intervention. This is an importantdistinction since judicial states, as a rule, have longerforeclosure timelines, thus affecting foreclosure statistics.

A completed foreclosure occurs when a property is auctioned andresults in the purchase of the home at auction by either a thirdparty, such as an investor, or by the lender. If the home ispurchased by the lender, it is moved into the lender's real estateowned (REO) inventory. In "foreclosure by advertisement" states,a redemption period begins after the auction and runs for astatutory period, e.g., six months. During that period, theborrower may regain the foreclosed home by paying all amounts dueas calculated under the statute. For purposes of this ForeclosureReport, because so few homes are actually redeemed following anauction, it is assumed that the foreclosure process ends in"foreclosure by advertisement" states at the completion of theauction.

The foreclosure inventory represents the number and share ofmortgaged homes that have been placed into the process offoreclosure by the mortgage servicer. Mortgage servicers startthe foreclosure process when the mortgage reaches a specific levelof serious delinquency as dictated by the investor for themortgage loan. Once a foreclosure is "started," and absent theborrower paying all amounts necessary to halt the foreclosure, thehome remains in foreclosure until the completed foreclosureresults in the sale to a third party at auction or the home entersthe lender's REO inventory. The data in this report accounts foronly first liens against a property and does not include secondaryliens. The foreclosure inventory is measured only against homesthat have an outstanding mortgage. Homes with no mortgage lienscan never be in foreclosure and are, therefore, excluded from theanalysis. Approximately one-third of homes nationally are ownedoutright and do not have a mortgage. CoreLogic has approximately85 percent coverage of U.S. foreclosure data.

According to the report, Republicans cited misgivings about thequalifications of Watt, a North Carolina Democrat, to lead theFederal Housing Finance Agency. All but two of them voted againstmoving his nomination to a final debate, leaving Democrats shortof the 60 votes they needed.

Watt would replace Edward J. DeMarco, who has been acting directorof the agency since 2009, the report related.

"The procedural failure of this vote does not completely end theWatt nomination saga but it is undeniably a body blow for theeffort," said Isaac Boltansky, an analyst with Compass PointResearch Trading LLC in Washington, the report added.

Democrats could bring the nomination to the floor again, thereport said. Richard Burr of North Carolina and Rob Portman ofOhio voted with Democrats, and Obama administration officials saidthey still hoped to convince more Republicans to support Watt.

* Moody's Says Public Finance Downgrades Continue in 3rd Qtr-------------------------------------------------------------More than 75% of US public finance rating actions in the thirdquarter continued to be downgrades, says Moody's Investors Servicein "US Public Finance Rating Revisions for Q3 2013: DowngradesContinue but Pace Moderates." The exact percentage of ratingactions that were downgrades in the third quarter, 77%,represented an improvement on the 83% that were downgrades forboth the second and first quarters of 2013.

Specifically, of the 235 rating actions Moody's took in the thirdquarter, 182 were downgrades. By par amount, Moody's downgraded$53.9 billion of public finance debt in the third quarter, downfrom the $92 billion downgraded in the second quarter but morethan the $27 billion downgraded in the first quarter.The number of quarterly upgrades has increased modestly during2013, from 36 in the first quarter to 45 and 53 in the second andthird quarters. However, the par amount upgraded was $8 billion inthe third quarter, down slightly from the $12 billion in each ofthe previous two quarters.

During the third quarter eight of the 10 largest downgrades interms of par value were local governments. The most prominent ofthese were the City of Chicago, to A3 from Aa3, affecting $8.2billion in debt, Chicago Board of Education, to A3 from A2,affecting $6.3 billion in debt and Philadelphia School District,to Ba2 from Ba1, affecting $3.3 billion.

In all there were 145 downgrades of local governments during thequarter, affecting $42 billion in debt. Nineteen local governmentdowngrades were based on Moody's new approach for analyzing stateand local government pensions, including those taken on the citiesof Chicago, Cincinnati, and Minneapolis.

"The preponderance of local government downgrades underscores thecredit pressure some local governments continue to face," saysMoody's Analyst Chandra Ghosal. "We also see that despite broadereconomic improvement, there are still regional pockets ofconcentrated credit pressure."

One sign of these concentrations is the high share of downgradesin California, Illinois, and Michigan, where Moody's downgradedratings of 79 issuers, accounting for over 40% of downgrades inthe quarter.

The largest upgrade among the local governments was for the Cityof Atlanta's Water and Wastewater enterprise bonds to Aa3 from A1,affecting $3.1 billion in par amount of debt.

In the higher education sector, Moody's downgraded 16 institutionswith $3.6 billion in debt in the third quarter, while it upgradedjust three institutions with $467 million in debt. Seven of theeight public universities Moody's rates in Illinois weredowngraded because of their high dependence on state funding,which has been delayed or reduced for several years. Among themwas the University of Illinois, which Moody's downgraded to Aa3from Aa2, affecting $1.56 billion in debt.

In the infrastructure sector, there were no positive ratingactions in the third quarter, while there were eight downgradesaffecting $4.5 billion. Of the seven, two were municipal electricutilities with exposure to nuclear-generation assets, highlightingthe higher costs and risks associated with these facilities.In the not-for-profit hospital sector, Moody's downgraded 10hospitals and $2.67 billion in debt and upgraded eight hospitalswith $2.31 billion in debt. Decline in patient admission volumeswas a common driver of a majority of the downgrades. Onesignificant upgrade in the sector was for the Indiana UniversityHealth, to Aa3 from A1, affecting $1.4 billion par amount of debt.The housing sector was the only one where upgrades outpaceddowngrades, with 10 upgrades on $474 million in debt against twodowngrades on $452 million in debt. The majority of rating actionswere to privatized military housing credits.

* Distressed Investing 2013 Set for Mon., Dec. 2, 2013------------------------------------------------------The 20th Annual Distressed Investing conference -- the oldest andmost established New York corporate restructuring conference --will be held on Mon., Dec. 2, 2013, at The Helmsley Park LaneHotel in Midtown Manhattan. This year's program features tentimely panels presented by 45 top restructuring professionals:

12:05 p.m. The Harvey R. Miller Awards Luncheon sponsored by EPIQ SYSTEMS presenting the Harvey R. Miller Outstanding Achievement Award for Service to the Restructuring Industry to Martin J. Whitman, Chairman and Portfolio Manager, THIRD AVENUE MANAGEMENT, LLC, and a conversation about the distressed investing community between these two pioneers.

Monday's edition of the TCR delivers a list of indicative pricesfor bond issues that reportedly trade well below par. Prices areobtained by TCR editors from a variety of outside sources duringthe prior week we think are reliable. Those sources may not,however, be complete or accurate. The Monday Bond Pricing tableis compiled on the Friday prior to publication. Prices reportedare not intended to reflect actual trades. Prices for actualtrades are probably different. Our objective is to shareinformation, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy orsell any security of any kind. It is likely that some entityaffiliated with a TCR editor holds some position in the issuers"public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies withinsolvent balance sheets whose shares trade higher than $3 pershare in public markets. At first glance, this list may look likethe definitive compilation of stocks that are ideal to sell short.Don't be fooled. Assets, for example, reported at historical costnet of depreciation may understate the true value of a firm'sassets. A company may establish reserves on its balance sheet forliabilities that may never materialize. The prices at whichequity securities trade in public market are determined by morethan a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in eachWednesday's edition of the TCR. Submissions about insolvency-related conferences are encouraged. Send announcements toconferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filedChapter 11 cases involving less than $1,000,000 in assets andliabilities delivered to nation's bankruptcy courts. The listincludes links to freely downloadable images of these small-dollarpetitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book ofinterest to troubled company professionals. All titles areavailable at your local bookstore or through Amazon.com. Go tohttp://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday editionof the TCR.

The Sunday TCR delivers securitization rating news from the weekthen-ending.

For copies of court documents filed in the District of Delaware,please contact Vito at Parcels, Inc., at 302-658-9911. Forbankruptcy documents filed in cases pending outside the Districtof Delaware, contact Ken Troubh at Nationwide Research &Consulting at 207/791-2852.

This material is copyrighted and any commercial use, resale orpublication in any form (including e-mail forwarding, electronicre-mailing and photocopying) is strictly prohibited without priorwritten permission of the publishers. Information containedherein is obtained from sources believed to be reliable, but isnot guaranteed.

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